1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anuta_ua [19.1K]
3 years ago
11

. A manufacturer uses manages its inventory using fixed quantity system and wants to be able to fully supply its customers at le

ast 50 out of the 52 weeks of the year. The product they sell has a daily demand of 250 units with a standard deviation of 50 units. Due to insurance requirements, this company cannot hold more than an average of 100 units as a safety stock. What is the maximum lead time in days that they need to require to their supplier?
Business
1 answer:
Vsevolod [243]3 years ago
6 0

Answer:

Lead time needed is approximately 1 day

Explanation:

In this question, we are asked to calculate the maximum number of lead days needed by a manufacturer to give a supplier

We proceed as follows;

They want to be able to fully supply the customer at least 50 out of the 52 weeks.

Mathematically; service probability = 50/52 = 0.96 or 96%

At 96% service level value of Z = 1.75

Standard deviation of daily demand (σd) = 50 units

Safety stock = 100 units

Suppose lead time = L

Safety stock = Z × σ d × √L

100 = 1.75 × 50 × √L

=100 = 87.5 × √L

√L = 100/87.5

√L = 1.142857142

L = 1.142857142^2

L = 1.306122448

You might be interested in
A beta distribution center worker was injured when she tried to remove items on the shelf and not a heavy box onto her for a wee
LenaWriter [7]

Answer:

C. Teach procedures for stacking items in straight, even loads.

Explanation:

7 0
3 years ago
You need $120,000 to start your business. You plan to invest $54,000 in the business and obtain financing from outside investors
bonufazy [111]

Answer:

45%

Explanation:

=

54/120

8 0
3 years ago
What is a minimum balance when it comes to account requirement?
Komok [63]
<span>I would say A)minimum dollar amount that can be in an account  wouldn't want an account with just a dollar in it, it would be a waste of time and space.</span>
7 0
3 years ago
Read 2 more answers
On August 29, Paris and Helen agree that Paris will supply Helen with natural gas for one year beginning on January 1 and Helen
madam [21]

Answer:

The correct answer is letter "B": False.

Explanation:

Anticipatory repudiation is the act by which one party notifies the other intentions of not continuing with their relationship -typically tied to a contract- because of different factors. Those factors sometimes are specified in the terms of the contract and must be met for a Court to qualify the case as an anticipatory breach.

Thus, in the example, <em>Helen should retract her anticipatory breach since she will be able to make the payments for the gas service even though Paris changed the supplier.</em>

5 0
3 years ago
Saturation of domestic markets in the industrialized parts of the world has forced many companies to look for marketing opportun
Luda [366]

Answer:

national borders.

Explanation:

Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace.

Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.

On a related note, the saturation of domestic (local) markets in the industrialized parts of the world has forced many companies into searching for better marketing opportunities beyond their national borders or shores of their country.

This ultimately implies that, as a result of having too many businesses in domestic (local) markets, many businesses have looked outwardly in search of better marketing opportunities by exporting their goods and services to foreign countries.

Export typically involves the sales of goods produced in a domestic country to a foreign country.

4 0
2 years ago
Other questions:
  • What is the importance of the variation in statistics?
    12·1 answer
  • How is conduction and radiation alike to convection
    13·1 answer
  • How many times is income from a c corporation taxed if a retirement fund is the owner of the corporation's' stock?
    8·1 answer
  • Is an integral part of business continuity planning, but bcp is much broader?
    13·1 answer
  • Alex, a Nevada developer, has a very large development of attached retirement villas. He is interested in advertising this devel
    10·1 answer
  • The Lumber Yard has projected sales for April through July of $152,400, $161,800, $189,700, and $196,400, respectively. The firm
    14·1 answer
  • Advise the Sampsons on the maturity to select when investing their savings for their children’s education. Describe anyadvantage
    15·1 answer
  • The following legal claims exist for Huprey Co. Identify the accounting treatment for each claim as either (a) a liability that
    12·1 answer
  • What job should i choose to be so rich
    15·2 answers
  • PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!