Question given this informationexpected demand during lead, Ask an Expert

Management Studies

Question: Given this information:

Expected demand during lead time = 300 units

Standard deviation of lead time demand = 30 units

Determine each of the following, assuming that lead time demand is distributed normally:

a. The ROP that will provide a risk of stock out of 1 percent during lead time.

b. The safety stock needed to attain a 1 percent risk of stock out during lead time.

c. Would a stock out risk of 2 percent require more or less safety stock than a 1 percent risk? Explain. Would the ROP be larger, smaller, or unaffected if the acceptable risk were 2 percent instead of 1 percent? Explain.

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92704407

Have any Question?Write your Review or question?

Related Questions in Operation Management

Eminent domain is the power of a governmental body

Eminent Domain is the power of a governmental body (municipality, county, etc) to take personally owned real estate forpublic use for just compensation. Issues of fairness often arise when the government takes private pr ...

For this assignment you will create a plan on how you are

For this assignment, you will create a plan on how you are going to finance the business you chose in the Module 5 assignment. Follow the steps below for this assignment: Describe, in detail, the source(s) you are going ...

1 define business processes roles resources and data flows

1. Define business processes, roles, resources, and data flows. Your response should be at least 200 words in length. 2. What does the speaker (Mary Schaefer) mean when she says, "putting the human back into human resour ...

Chapter 5 case study assignment alcatel-lucent chops away

Chapter 5 Case Study Assignment Alcatel-Lucent Chops Away at Years of Failure Questions: 1. What kinds of decisions has chief executive Ben Verwaayen been making at Alcatel-Lucent? 2. To what extent are these decisions s ...

Reiterate your thesis statement be sure to state your

Reiterate your thesis statement. Be sure to state your thesis statement differently than you did in the introduction paragraph. Corporate America can help save money and the environment by going green in the offices. Com ...

Create a market positioning map mpm for atampt and its

Create a market positioning map (MPM) for AT&T and its major competitors. Discuss the marketing strategies of the company versus strategies of major competitors. What are the advantages and disadvantages of the firm's ve ...

1 the american melting pot is a myth because a employees

1. The "American melting pot" is a myth because a. employees often abandoned their ethnic and cultural distinctions while at work to keep their jobs and get ahead. b. diverse European groups entered the mainstream in Ame ...

Rallies happen all the time as communities jump behind

Rallies happen all the time as communities jump behind actions, but do they really make a difference? People unite to close a freeway or destroy public property, but does it change the world? Discuss a current issue an ...

Discuss the usefulness of tele health provide two examples

Discuss the usefulness of tele health. Provide two examples of monitoring a patient and the reasons that telehealth reduces the cost of care and increases patient access to care. Develop an EHR project charter and implem ...

In fiscal year 2012 apple inc nasdaq aapl reported a cost

In fiscal year 2012, Apple Inc. (NASDAQ: AAPL) reported a cost of goods sold of $87,846 million and inventory valued at $2,583 million. a. What are Apple’s annual inventory turnovers? b. On average, how many days of inve ...

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