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
xxTIMURxx [149]
3 years ago
7

Dunstreet's department store would like to develop an inventory ordering policy of a 95 percent probability of not stocking out.

to illustrate your recommended procedure, use as an example the ordering policy for white percale sheets. demand for white percale sheets is 5,000 per year. the store is open 365 days per year. every two weeks (14 days) inventory is counted and a new order is placed. it takes 10 days for the sheets to be delivered. standard deviation of demand for the sheets is five per day. there are currently 150 sheets on hand
Business
2 answers:
tigry1 [53]3 years ago
6 0

Answer: 218.97

Explanation:

Demand(D) = 5000 per year

daily demand(d) = 5000/365 = 13.70

orders interval(t) = 14 days

Lead time(l) = 10 days

Standard deviation(SD) = 5 per day

Current Inventory(I) = 150 sheets

Service Level (P) = 95% (Probability of not stocking out)

From Standard normal distribution,

At 95% Service Level (5% Stock out)

z = 1.64

SDt + l = 5× sqrt(14 + 10) = 24.495

Q = d × (t + l) + z × (SDt + l) - I

Q = 13.70 ×(14 + 10) + 1.64×(24.495) - 150

Q = (13.70 × 24) + 40.17 - 150

Q = 328.8 + 40.17 - 150

Q = 368.97 - 150 = 218.97 sheets

ArbitrLikvidat [17]3 years ago
5 0

Answer:

219 sheets

Explanation:

D = 5000 per year,

d = daily demand = 5000/365 = 13.70 sheets

T = time between orders (review) = 14 days

L = Lead time = 10 days

σd= Standard deviation of daily demand = 5 per day

I = Current Inventory = 150 sheets Service Level

P = 95% (Probability of not stocking out) q=d(L+D)z σ T+L-1

σ T+L-1= square root (T+L)=5 square root 14+10= 24.495

From Standard normal distribution, z = 1.64 for 95% Service Level (or 5% Stock out)

q=13.70*(14+10)+1.64(24.495)-150

= 218.97 →219 sheets

You might be interested in
Athena Jolene, a human resources executive at Thomas Griffith, wants to collect ideas from the company's employees for an upcomi
inna [77]

Answer:

Online discussion forum

Explanation:

Based on the information provided within the question it can be said that the best method would be to use an Online discussion forum. These are websites in which anyone can connect and give their thoughts and opinions on a specific topic and discuss with anyone who would like to join in. Which is what would allow Athena to collect ideas from all the company employees at the same time.

3 0
3 years ago
Which might be an oppotunity cost of the city of aloharetta decision to construt the gateway and green way projects
nirvana33 [79]

An opportunity fee of the metropolis of Alpharetta's choice to construct the gateway and green way tasks: adopted in 2015, the plan proposes a series of small parks and inexperienced spaces that connect to each different, and could help make Downtown Alpharetta amusing.

Alpharetta is a town placed in northern Fulton County, Georgia, USA, and is part of the Atlanta metropolitan region. As of the 2010 census, Alpharetta's populace became 57,551. The populace in 2020 became 65,818. Alpharetta is a colorful Southern city with a great nice of lifestyles, making it a super region to live, paint and visit.

Alpharetta is a city in Georgia with a population of 66,566. Alpharetta is in Fulton County and is one of the best locations to stay in Georgia. dwelling in Alpharetta gives citizens a dense suburban feel and maximum citizens very own their houses. In Alpharetta, there are a whole lot of restaurants, espresso stores, and parks. Alpharetta is now Georgia's twelfth most populous town, boasts some of the great schools in the USA, and is understood far and extensive because of the generation metropolis of the South because of the huge quantity of tech-focused organizations that call Alpharetta home.

Learn more about Alpharetta here: brainly.com/question/25870256

#SPJ9

8 0
1 year ago
Which situation best describes the role of businesse in the circular flow of goods
Lyrx [107]
I think is 475848 because I just timed by 48 so I got 475848
3 0
3 years ago
If, in a specific year, exports are $40 billion, business expenditures are $60 billion, the government collects $50 billion in t
katovenus [111]

The fiscal deficit for the government for the current year will be $20 billion for the given condition.

<h3>What is fiscal deficit?</h3>

The condition where there is an excess of expenditures over the income during a given financial period, it is known as fiscal deficit. The computation of fiscal deficit using the formula and the given information will be,

Fiscal Deficit = (Total Income – Total Expenditure)

Fiscal Deficit = $50 billion – $70 billion = -$20 billion

Hence, option C holds true regarding fiscal deficit. The complete question has been attached in the image for better reference.

Learn more about fiscal deficit here:

brainly.com/question/23795227

#SPJ1

3 0
2 years ago
What did congress do to protect consumers from monopolies, false advertising, and dishonest labeling? it established the america
alexandr1967 [171]
<span>In order to protect consumers from unfair business practices such as false advertising, dishonest labeling and monopolies, the federal government created the Federal Trade Commission to establish and enforce regulations protecting consumers from unfair and dishonest sales practices.</span>
4 0
4 years ago
Read 2 more answers
Other questions:
  • The following transactions relate to the petty cash fund of Jarvis Wrecking Company: Apr. 1 19 The petty cash fund is set up wit
    9·1 answer
  • Cutco promotes and prices its knife products to convey its premium quality and backs them with exceptional customer service to m
    9·2 answers
  • If a market basket was defined in 2014 and it cost $10,000 to purchase the items in that basket in 2014, while it cost $11,000 t
    9·1 answer
  • A new customer, age 45, has been terminated from his assembly-line job of the past 20 years at an automotive parts supplier. Dur
    8·1 answer
  • Shelby's new job with the federal government provides a comfortable income and a fairly stable income. she would like to buy a n
    6·1 answer
  • Sending employees on international assignments is an example of the _________approach to employee development. Group of answer c
    12·1 answer
  • Distinguish between economic and accounting profit
    9·2 answers
  • From 2004 to 2006 the Fed raised the federal funds rate gradually in a series of steps. The Fed's purpose was to raise the prime
    12·1 answer
  • Nice Watches inc has a planning process where the executive level of management, works with department and individual managers t
    7·1 answer
  • You buy a $100 ticket to a theme park and once inside you can ride on as many rides as you want at no extra cost. In this case,
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!