point.
- Urgent Help Please Help And Assist In This Quest With Re Order Point 1 (28.66 KiB) Viewed 15 times
Urgent help, please help and assist in this quest with re order point.
-
answerhappygod
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am
Urgent help, please help and assist in this quest with re order point.
Urgent help, please help and assist in this quest with re order
point.
PLEASE ASSIST AND HELP, I'M HAVING SOME ISSUES. THANKS MUCH Practice quest. A manufacturing company operating under a continuous review system has an average demand of 50 units per week for the item it produces. The standard deviation in weekly demand is 20 units. The lead- time for the item is six weeks, and it costs the company $30 to process each order. The holding cost for each unit is $10 per year. The company operates 52 weeks per year. R=dL+26 A nomal distribution table is given. Fomula for reorder point is : a) Use the information, what is the desired safety stock level, if the company has a policy of maintaining a 95% cycle-service level? b) Use the information, what is the Reorder Point, if the company has a policy of maintaining a 95% cycle-service level? c) Use the information, what is the Reorder Point if the company finally decides to implement a 98 percent cycle service level? d) If lead-time increases by three weeks, what is the reorder point needed to maintain a 98% service level?
point.
PLEASE ASSIST AND HELP, I'M HAVING SOME ISSUES. THANKS MUCH Practice quest. A manufacturing company operating under a continuous review system has an average demand of 50 units per week for the item it produces. The standard deviation in weekly demand is 20 units. The lead- time for the item is six weeks, and it costs the company $30 to process each order. The holding cost for each unit is $10 per year. The company operates 52 weeks per year. R=dL+26 A nomal distribution table is given. Fomula for reorder point is : a) Use the information, what is the desired safety stock level, if the company has a policy of maintaining a 95% cycle-service level? b) Use the information, what is the Reorder Point, if the company has a policy of maintaining a 95% cycle-service level? c) Use the information, what is the Reorder Point if the company finally decides to implement a 98 percent cycle service level? d) If lead-time increases by three weeks, what is the reorder point needed to maintain a 98% service level?