This 3-part question about your Operations Management habits is based on the topics of EOQ and Reorder Point: Part 1: Average lead time for the fasteners you need is 23 days with a standard deviation of 5 days. You have been consuming fasteners at a rate of 53 per day with a standard deviation of 9 At what inventory level do you order to ensure a 90% service level? Part 2: Each year you utilize 7,941 gallons of milk in your restaurant. You have calculated that issuing purchase orders and unloading costs 46 for each order. You calculated that cost of your refrigerated storage for the milk is valued at $61 per year. What quantity of milk should you order at each order? Part 3: You have been selling the donuts on campus at a rate of 32 dozen per day with a standard deviation of 4 dozen per day. Average lead time for the batter you use is 53 days. When your inventory drops to how many dozen, do you order to ensure that you are able to supply donuts 85% of the time?
This 3-part question about your Operations Management habits is based on the topics of EOQ and Reorder Point: Part 1: Average lead time for the fasteners you need is 23 days with a standard deviation of 5 days. You have been consuming fasteners at a rate of 53 per day with a standard deviation of 9 At what inventory level do you order to ensure a 90% service level? Part 2: Each year you utilize 7,941 gallons of milk in your restaurant. You have calculated that issuing purchase orders and unloading costs 46 for each order. You calculated that cost of your refrigerated storage for the milk is valued at $61 per year. What quantity of milk should you order at each order? Part 3: You have been selling the donuts on campus at a rate of 32 dozen per day with a standard deviation of 4 dozen per day. Average lead time for the batter you use is 53 days. When your inventory drops to how many dozen, do you order to ensure that you are able to supply donuts 85% of the time?
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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This 3-part question about your Operations Management habits is based on the topics of EOQ and Reorder Point:
Part 1: Average lead time for the fasteners you need is 23 days with a standard deviation of 5 days. You have been consuming fasteners at a rate of 53 per day with a standard deviation of 9
At what inventory level do you order to ensure a 90% service level?
Part 2: Each year you utilize 7,941 gallons of milk in your restaurant. You have calculated that issuing purchase orders and unloading costs 46 for each order. You calculated that cost of your refrigerated storage for the milk is valued at $61 per year.
What quantity of milk should you order at each order?
Part 3: You have been selling the donuts on campus at a rate of 32 dozen per day with a standard deviation of 4 dozen per day. Average lead time for the batter you use is 53 days.
When your inventory drops to how many dozen, do you order to ensure that you are able to supply donuts 85% of the time?
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Average lead time for the fasteners you need is 23 days with a standard deviation of 5 days. You have been consuming fasteners at a rate of 53 per day with a standard deviation
of 9
At what inventory level do you order to ensure a 90% service level?
Type your answer...
-
You have been selling the donuts on campus at a rate of 32 dozen per day with a standard deviation of 4 dozen per day. Average lead time for the batter you use is 53 days.
When your inventory drops to how many dozen, do you order to ensure that you are able to supply donuts 85% of the time?
Type your answer...
-D
Each year you utilize 7,941 gallons of milk in your restaurant. You have calculated that issuing purchase orders and unloading costs 46 for each order. You calculated that cost of
your refrigerated storage for the milk is valued at $61 per year.
What quantity of milk should you order at each order?
Type your answer...
-D
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VIEWStep 3: Part 2 Below is the calculation for the quantity of milk should you order at each order?
VIEWStep 4: Below is the calculation for the inventory drops to how many dozen to supply donuts 85% of the time
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