Walmart experiences a demand of 5 units per day for its LED TVs. The lead time forre-stocking LED TVs is 10 days. What is the Re-Order Point? (Assume that thedemand and lead time are known with certainty, that is, they are not uncertain)50 units2 units50 days2 days

Daily demand (d) = 5Lead time (L) = 10

Answered: Walmart experiences a demand of 5 units…

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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Similar questions

Daily demand (d) 150 units Mean lead time (LT) 9 days Standard deviation of lead time (σLT) 3 days Service level 97% 1. What is the required safety stock at a 97 percent service level? ______ units 2. What is the reorder point? ______ units
The fixed quantity version of EOQ compares and contrasts with the fixed interval version. Where will each of the scenarios be used?
Increasing the variability of either demand or lead time ________ reorder points. Group of answer choices Decreases Have no effect on Increases
Develop a measure of risk to go along with the ordering policy. This measure should be quantifiable.
Which of the following is one of the assumptions of EOQ model? Group of answer choices Annual demand is known and even throughout the year Orders are received partially There are quantity discounts Multiple items are involved Lead time varies
20 Lead time for one of your fastest-moving products is a) What would be an appropriate reorder point? 100 days. Demand during this period averages units per day. units (enter your response as a whole number). b) How does your answer change if demand during lead time doubles? c) How does your answer change if demand during lead time drops in half? units (enter your response as a whole number). units (enter your response as a whole number).
The daily demand for printer paper at the School of Business is approximately normal with a mean of 15.2 boxes and a standard deviation of 1.6 per day. The Administrative Assistant reviews the inventory every 30 days, and the lead time is 5 days. The division set a policy of satisfying 96% of the demand for paper. If there are 125 boxes of printer paper in inventory at the beginning of this review period, how many boxes of printer paper should be ordered? What is the variance of demand during the review period plus the lead-time period? What is the standard deviation of demand during the review period plus the lead-time period? A. Variance = 76.80 Standard deviation = 8.76 B. Variance = 89.60 Standard deviation = 9.47 C. Variance = 9.47 Standard deviation = 89.60 D. Variance = 12.8 Standard deviation = 3.58
Explore the role and implications of safety stock within the framework of the Wilson approach for effective inventory control.
ABC analysis is based on the presumption that carefully controlling all items is necessary to produce important inventory savings. A True B False
Please explain me in brief about Pros and Cons of Re-Order Point Control and Re-Order Cycle Control Inventory control Systems.

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Walmart experiences a demand of 5 units per day for its LED TVs. The lead time for re-stocking LED TVs is 10 days. What is the Re-Order Point? (Assume that the demand and lead time are known with certainty, that is, they are not uncertain) 50 units 2 units 50 days 2 days