One item a computer store sells is supplied by a vendor who, Ask an Expert

Management Studies

One item a computer store sells is supplied by a vendor who handles only that item. Demand for that item recently changed, and the store manager must determine when to replenish it. The man- ager wants a probability of at least 96 percent of not having a stockout during lead time. The man- ager expects demand to average a dozen units a day and have a standard deviation of two units a day. Lead time is variable, averaging four days with a standard deviation of one day. Assume normality and that seasonality is not a factor.

a. When should the manager reorder to achieve the desired probability?

b. Why might the model not be appropriate if seasonality were present?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91595217

Have any Question?Write your Review or question?

Related Questions in Operation Management

1 essay topic why does your education matter to your

1. Essay Topic: Why does your education matter to your community? Words-750 2. Describe the nature and purpose of administrative agencies. 3. Discuss how and why Principles of Ethics can not be Objective?

1 does an ancient redwood forest have value other than its

1. Does an ancient redwood forest have value other than its economic one as potential lumber? if so, what is the value, and how is it to be weighed against the interests of company like maxxam? are redwoods more importan ...

1 explain how an environmental factor such as the emphasis

1. Explain how an environmental factor such as the emphasis on sustainability could impact on the marketing mix. Conduct research if necessary and give examples. (200 words) 2. Give examples of emphasis on sustainabili ...

Medical information is considered private the sole property

Medical information is considered private, the sole property of a patient, and should never be released without permission. Discuss your thoughts or opinion on this with respect to information about medical conditions, m ...

Embry riddle aeronautical university mbaa514pick one of the

Embry RIddle Aeronautical University MBAA514. Pick one of the companies listed in the National Business Aviation Association (NBAA) website (Links to an external site.)Links to an external site. for select product and se ...

1 how can an employer exhibit discrimination during the

1. How can an employer exhibit discrimination during the selection and recruitment stages? How can this risk of discrimination be reduced or eliminated? 2. How can an employer exhibit discrimination during the compensati ...

1 explain the average annual cost function gq2nbspwhat is

1. Explain the average annual cost function G(Q). 2. What is task Group engagement and how it can lead to a successful cooperative learning and group dynamics. What are common members basic assumptions, habits and behavi ...

During the 1990rsquos many north american european and

During the 1990’s, many North American, European, and Asian MNEs set up operations in Mexico, tapping into its location-specific advantages such as (1) proximity to the world’s largest economy, (2) market-opening policie ...

1 what is the difference between business ethics and morals

1. What is the difference between business ethics and morals? Are they different in society as a whole? Why or why not? 2. Identify two key strategic decisions made by your current team, department, or organization. How ...

1 interview an employee working in the same service

1. Interview an employee working in the same service business identified above. Ask the person to discuss each of the five dimensions of service quality with you as it relates to the person’s company. Which dimensions ar ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert