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Business
Operations Management
1) At your grocery store you review inventory of rutabagas every 6 weeks. You sell this for  $1.78 per pound. After you place an order for rutabagas they arrive 5 weeks later. You desire to have a service level of 95 percent. You average sales of 40 pounds per week with a standard deviation of 4 pounds per week. You have 56 on hand.  How many pounds do you order? 2) At your grocery store you review inventory of carrots every 4 weeks. You sell this for  $0.59 per pound of which $0 is profit. After you place an order for carrots they arrive 2 weeks later. You desire to have a service level of 85 percent. You average sales of 98 pounds per week with a standard deviation of 4 pounds per week. You have 149 on hand.  How many pounds do you order?

1) At your grocery store you review inventory of rutabagas every 6 weeks. You sell this for  $1.78 per pound. After you place an order for rutabagas they arrive 5 weeks later. You desire to have a service level of 95 percent. You average sales of 40 pounds per week with a standard deviation of 4 pounds per week. You have 56 on hand.  How many pounds do you order? 2) At your grocery store you review inventory of carrots every 4 weeks. You sell this for  $0.59 per pound of which $0 is profit. After you place an order for carrots they arrive 2 weeks later. You desire to have a service level of 85 percent. You average sales of 98 pounds per week with a standard deviation of 4 pounds per week. You have 149 on hand.  How many pounds do you order?

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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The following questions are based on the Operations Management topic of P-Systems:

1) At your grocery store you review inventory of rutabagas every 6 weeks. You sell this for  $1.78 per pound. After you place an order for rutabagas they arrive 5 weeks later. You desire to have a service level of 95 percent. You average sales of 40 pounds per week with a standard deviation of 4 pounds per week. You have 56 on hand. 

How many pounds do you order?

2) At your grocery store you review inventory of carrots every 4 weeks. You sell this for  $0.59 per pound of which $0 is profit. After you place an order for carrots they arrive 2 weeks later. You desire to have a service level of 85 percent. You average sales of 98 pounds per week with a standard deviation of 4 pounds per week. You have 149 on hand. 

How many pounds do you order?

1 2 At your grocery store you review inventory of rutabagas every 6 weeks. You sell this for $1.78 per pound. After you place an order for rutabagas they arrive 5 weeks later. You desire to have a service level of 95 percent. You average sales of 40 pounds per week with a standard deviation of 4 pounds per week. You have 56 on hand. How many pounds do you order? Type your answer... At your grocery store you review inventory of carrots every 4 weeks. You sell this for $0.59 per pound of which $0 is profit. After you place an order for carrots they arrive 2 weeks later. You desire to have a service level of 85 percent. You average sales of 98 pounds per week with a standard deviation of 4 pounds per week. You have 149 on hand. How many pounds do you order? Type your answer... --D
Transcribed Image Text:1 2 At your grocery store you review inventory of rutabagas every 6 weeks. You sell this for $1.78 per pound. After you place an order for rutabagas they arrive 5 weeks later. You desire to have a service level of 95 percent. You average sales of 40 pounds per week with a standard deviation of 4 pounds per week. You have 56 on hand. How many pounds do you order? Type your answer... At your grocery store you review inventory of carrots every 4 weeks. You sell this for $0.59 per pound of which $0 is profit. After you place an order for carrots they arrive 2 weeks later. You desire to have a service level of 85 percent. You average sales of 98 pounds per week with a standard deviation of 4 pounds per week. You have 149 on hand. How many pounds do you order? Type your answer... --D
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