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
Sphinxa [80]
3 years ago
13

Daily demand for a product is 160 units, with a standard deviation of 35 units. The product is ordered on a pre-established (fix

ed) schedule and the review period is 5 days and the lead time is 10 days. At the time of review, there are 30 units in stock. If 99 percent service probability is desired, how many units should be ordered?
Business
1 answer:
egoroff_w [7]3 years ago
5 0

Answer:

2686

Explanation:

Given that :

Daily demand (D) = 160

Standard deviation (s) = 35

Review period (T) = 5 days

Lead time (L) = 10 days

Number in stock (I) = 30 units

Service probability α = 99%

Quantity to order Q;

Q = D(T + L) + Z*s + √(T + L) - 1

Zscore p(Z < 0.99) = 2.326 = 2.33(Z probability calculator)

Q = 160(5 + 10) + 2.33 * 35 * √(10 + 5) - 30

Q = 160(15) + (2.33 * 35 * 3.8729833) - 30

Q = 2400 + 315.841788115 - 30

Q = 2685.841788115

Q = 2686

You might be interested in
In calculating earnings per share, companies deduct preferred dividends from net income if:
Savatey [412]

Answer: Option B

Explanation: Earnings per share is calculated by dividing net income available to common shareholders with the weighted average number of shares.

Deduction of preferred dividends from net income is done only when dividends are declared by the entity, otherwise not. Preference shareholders have priority over common shareholders in case of dividends, so it will result in reduction of earnings to common shareholders but only when the dividends are declared and distributed.

7 0
3 years ago
С
lozanna [386]

Answer:

I think C is correct answer

8 0
2 years ago
A price maker is
Allisa [31]
D. a firm that has some control over the price of the product it sells
4 0
3 years ago
Read 2 more answers
Which is not capital?
KiRa [710]
C Is The Answer I Just Took This My E2020.
6 0
3 years ago
John wants to know how much he should pay for a particular used car. what should john do? he should ask his friend how much he p
SSSSS [86.1K]
What John should do is he should find reliable and relevant information; perhaps look up the information in the Kelley Blue Book.
He can't ask his friend because he may want to buy a different car, so his advice may not be helpful at all. A car dealer may want him to pay more than he should, so that wouldn't be useful either. His net worth will not help him reach his decision on how much he should pay for the particular car. So this Kelley Blue Book, which is used to compare prices for used cars is his best choice.
4 0
4 years ago
Read 2 more answers
Other questions:
  • There are 3 teachers to every 57 students at Oakdale Middle SchooL If there are 798 students in the school, how many teachers ar
    6·1 answer
  • Homeowner Elizabeth sold her house and had net proceeds of $266,000. Her adjusted basis in the home was $235,000. She immediatel
    6·1 answer
  • On January 1, 2017, Huber Co. sold 12% bonds with a face value of $2,000,000. The bonds mature in five years, and interest is pa
    6·1 answer
  • Henrique Correa's bakery prepares all its cakes between 4 A.M. and 6 A.M.so they will be fresh when customers arrive. Day-old ca
    15·1 answer
  • The set of marketing tools a firm uses to implement its marketing strategy is called the ________.
    11·1 answer
  • Land is purchased for​ $300,000. Back taxes paid by the purchaser were​ $8,500; total costs to demolish an existing building wer
    8·1 answer
  • What is used to calculate the cost of living index
    9·1 answer
  • On September 18, 2019, Rose Company purchased 11,800 shares (14%) of Wozniak, Inc. stock for $42 per share. The market value of
    10·1 answer
  • Simon bought a computer and made monthly payments. by the end of the month, simon had no money left for groceries. which step in
    7·1 answer
  • 3 reason why loading and unloading a school bus is dangerous?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!