"> (Solution) -Buy-More stocks color graphics monitors. The daily demand is normally distributed with a mean of 1.6 monitors and a standard deviation of 0.4... Paper Detail – Transwriters

(Solution) -Buy-More stocks color graphics monitors. The daily demand is normally distributed with a mean of 1.6 monitors and a standard deviation of 0.4...


Description

Answer Download


The Question

Buy-More stocks color graphics monitors. The daily demand is normally distributed with a mean of 1.6 monitors and a standard deviation of 0.4 monitors. The lead time to receive an order from the manufacturer is a constant 15 days.

 


 

a. Determine the reorder point that will achieve a 98% service level. ( z value = 2.05).

 


 


 

b. What is the reorder point if the lead time is not consistent at 15 days, but has a standard deviation of 0.5 days?

 


 


 

(12 points). OfficeMax is considering using the Internet to order printers from Hewlett-Packard. The change is expected to make the cost of placing orders drop to almost nothing, although the lead time will remain the same. Using EOQ, ROP, and the TAC formulas, what happens to?

 

(Hint: Using the previous formulas plus the Total Cost (TAC) formula from p. 337).

 


 

a. The order quantity?

 


 


 

b. The holding costs for the year?

 


 


 

c. The ordering costs for the year?

 


Solution details

Solution #0009147722374

(Solution) -Buy-More stocks color graphics monitors. The daily demand is normally distributed with a mean of 1.6 monitors and a standard deviation of 0.4....zip

Uploaded by: Tutor

Answer rating:

This paper was answered on 10-Jan-2018

Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .

About this Question

STATUS

Answered

QUALITY

Approved

DATE ANSWERED

Jan 10, 2018

EXPERT

Tutor

ANSWER RATING

TUTORIAL SOLUTIONS

We have high quality solutions you can simply use that essay as a template to build your own arguments.

You can also use these solutions:

  • As a reference for in-depth understanding of the subject.
  • As a source of ideas / reasoning for your own research (if properly referenced)
  • For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student.

DO MY HOMEWORK?

Order New Solution. Quick Turnaround

Click on the button below in order to Order for a new homework help. Place a New Order using the button below.

WE GUARANTEE, THAT YOUR ORDER WILL BE DELIVERED WITHIN A DEADLINE.

Order Now