Business
Business, 06.12.2019 01:31, meeeekmill

If the reorder point for an inventory item with normally distributed demand is set equal to the average demand during the lead time (thus, no safety stock is carried), the service level (defined as the percent of order cycles in which all demand is met from stock) for the item will be 50%.
a. true
b. false

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Business, 23.06.2019 01:00, americanbellabeauty
Jimmy's delicatessen sells large tins of tom tucker's toffee. the deli uses a periodic review system, checking inventory levels every 88 days, at which time an order is placed for more tins. order lead time is 22 days. daily demand is a constant 1515 tins, so average demand during the reorder period and order lead time (1010 days) is 150150 tins. draw a sawtooth diagram. assume that the beginning inventory level is equal to the restocking level and the desired service level is 99.9%. what is the safety stock level? (hint: look at the formula for calculating restocking level.) what is the average inventory level? the safety stock level is average inventory level is __chart: time (10,20,30), tins (0,150) lines touching both axisthe safety stock level is 0 tinsthe average inventory level is 75 tins
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Business, 14.11.2019 03:31, PoTubbs
An inventory decision rule states "when the inventory level goes down to 14 gearboxes, 100 gearboxes will be ordered." which of the following statements is true? one hundred is the reorder point, and 14 is the order quantity. fourteen is the reorder point, and 100 is the order quantity. the number 100 is a function of demand during lead time. fourteen is the safety stock, and 100 is the reorder point. none of the above is true. in order to control the likelihood of a stockout due to the variability of demand (demand is loot constant) during lead time, inventory managers need additional stocks, which is eoq safety stock back order reorder point jit the two most basic inventory questions answered by the typical inventory model are timing and cost of orders quantity and cost of orders timing and quantity of orders order quantity and service level ordering cost and carrying cost which of the followings determine "right quantity"? reorder point eoq jit safety stock none of the above in the example of fedex operation hub location, which of the following pairs is more relevant to it service quality rather than to its cost?
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Business, 28.11.2019 04:31, fanofhope31
H& k electronic warehouse sells a 12-pack of aaa batteries, and this is a very popular item. demand for this is normally distributed, with an average of 50 packs per day and a standard deviation of 16. the average delivery time is 5 days, with a standard deviation of 2 days. delivery time has been found to be normally distributed. a 96% service level is desired. a. what is the standard deviation of demand during the lead time? b. how much safety stock should be carried, and what should be the reorder point?
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