Use Appendix 14A EShack sells an ergonomic keyboard in one of its stores. Average weekly demand for this keyboard follows a Poisson distribution with mean 0.6 unit. It submits orders to the supplier weekly and the supplier delivers with a 1-week lead time. (Round your answer to 1 decimal place.) a. Suppose it uses an order-up-to level of 5. What is its average order quantity? (Round your answer to 1 decimal place.) b. Suppose it uses an order-up-to level of 9. What is its expected on-hand inventory? (Round your answer to 1 decimal place.) c. Suppose it uses an order-up-to level of 6. What is its expected on-order inventory? (Round your answer to 4 decimal places.) d. Suppose it uses an order-up-to level of 7. What is its in-stock probability? (Round your answer to 4 decimal places.) e. Suppose it uses an order-up-to level of 4. What is its stockout probability? 1. Suppose it wants a 1 in-stock probability. What should its order-up-to level be? 100000

Use Appendix 14A EShack sells an ergonomic keyboard in one of its stores. Average weekly demand for this keyboard follows a Poisson distribution with mean 0.6 unit. It submits orders to the supplier weekly and the supplier delivers with a 1-week lead time. (Round your answer to 1 decimal place.) a. Suppose it uses an order-up-to level of 5. What is its average order quantity? (Round your answer to 1 decimal place.) b. Suppose it uses an order-up-to level of 9. What is its expected on-hand inventory? (Round your answer to 1 decimal place.) c. Suppose it uses an order-up-to level of 6. What is its expected on-order inventory? (Round your answer to 4 decimal places.) d. Suppose it uses an order-up-to level of 7. What is its in-stock probability? (Round your answer to 4 decimal places.) e. Suppose it uses an order-up-to level of 4. What is its stockout probability? 1. Suppose it wants a 1 in-stock probability. What should its order-up-to level be? 100000

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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