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REY [17]
3 years ago
7

You would like to use the fixed-order-interval inventory model to compute the desired order quantity for a company. You know tha

t vendor lead-time is 10 days and the number of days between reviews is 15. Which of the following is the standard deviation of demand over the review and lead-time period if the standard deviation of daily demand is 10?
a. 25
b. 40
c. 50
d. 73
e. 100
Business
2 answers:
7nadin3 [17]3 years ago
8 0

Answer:

c. 50

Explanation:

Fixed-order-interval inventory model also known as fixed reorder cycle inventory model is used to manage supply of raw material to a business based on demand of the product. Review of inventory is done by inventory analyst at fixed intervals and of inventory level is above a predetermined reorder level, nothing is done.

If however stock is at or below set reorder level raw material is purchased and is based on the formula- Maximum level - Current level.

In the scenario above we use the following formula

Standard deviation of demand over the review and lead-time period(SD)=Square root of { (Lead time+ Number of days between review)* (Standard deviation of daily demand)^2}

SD= √ {(10+15)*(10)^2}

SD= √ (25* 100)

SD= √2,500

SD= 50

Rom4ik [11]3 years ago
3 0

Answer:

c. 50

Explanation:

The calculation of standard deviation is conducted by using the mean of the sample and the number of samples considered. Therefore, based on the data available, the value of the standard deviation of the given demand over the (10+15) 25 days considering the time for both reviews and lead-time is equivalent to :

Standard deviation = \sqrt{25*100} = \sqrt{2500} = 50

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The top management of Tasty Foods, a food distribution company, has set strategic goals of increasing organizational market shar
nikdorinn [45]

Answer:

The correct answer would be, Greg's next step is to roll out his Tactical Goals to his staff.

Explanation:

Greg is the division manager for Tasty Foods. His management set a goal of increasing market share and decreasing the corporate cost over the period of next three years. To cope up with this goal, Greg has to work on this from now onward. So he decides how his division can contribute to the fulfillment of these management goals. He looking into his resources and planned two possible options. One is to partnering with another company and the other is to hire a procurement manager to negotiate lower prices from vendors. Now as he has formulated these goals, which are tactical in nature, the next step is to roll out these tactical goals to hi staff. Tactical goals are the goals that are set quickly in response to the conditions or situations as they occur in the real world.

6 0
2 years ago
Which is an example of a document that needs to be saved for financial planning?
sesenic [268]
The right answer for the question that is being asked and shown above is that: "d. Grocery store receipt." an example of a document that needs to be saved for financial planning is that of a Grocery store receipt.<span>
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4 0
2 years ago
Ajax Inc. is one of the customers of a well-known linen manufacturing company. Ajax has not ordered linen in some time, but when
Aleksandr-060686 [28]

Answer:

511

Explanation:

RFM analysis - recency, frequency, monetary

RFM analysis is used to analyze and rank customers according to their purchassing patterns.

RFM (recency, frequency, monetary) analysis is a behavior based technique used to segment customers by examining their transaction history such as

  • how recently a customer has purchased (recency)
  • how often they purchase (frequency)
  • how much the customer spends (monetary)

It is based on the marketing axiom that 80% of your business comes from 20% of your customers.

RFM helps to identify customers who are more likely to respond to promotions by segmenting them into various categories

<u>Solution:</u>

Ajax Inc. is one of the customers of a well-known linen manufacturing company. Ajax has not ordered linen in some time, but when it did order in the past it ordered frequently, and its orders were of the highest monetary value. Under the given circumstances, Ajax's RFM score is most likely <u>511</u>.

8 0
3 years ago
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lora16 [44]
Invest into 3D printing organs you will become a million trust me
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2 years ago
Calculate Payroll An employee earns $44 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume th
Marrrta [24]

Answer: $1750

Explanation:

Given Data

Earnings = $44/ hr

Overtime Earnings = 1.5 times Of $44

= $66

Hours worked during the week = 55 hrs

Social security tax rate = 6.0%

Medicare tax rate = 1.5%

Federal income tax = $633

Therefore:

Gross pay = Normal pay + overtime pay

Normal pay

= $44 * 40 hrs

= $1760

Overtime pay

= $66 * 15 hrs

= $990

Gross pay = $1760 + $990

= $1750

Social security tax

= 0.06 * $2750

= $165

Medicare tax

= 0.015 * $2750

= $41.25

Total tax

= $633 + $41.25 + $165

= $839.25

Net pay

= $2750 - $839.25

= $1910.75

6 0
3 years ago
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