You may need to use the appropriate technology to answer this question. A health and nutrition store stocks a multivitamin with an annual demand of 1,000 bottles has C = $26.50 and C₁ = $7. The demand exhibits some variability such that the lead-time demand follows a normal probability distribution with u = 25 and a = 5. (a) What is the recommended order quantity? (Round your answer to the nearest integer.) (b) What are the reorder point and safety stock if the store desires at most a 6% probability of stock-out on any given order cycle? (Round your answers to the nearest integer.) reorder point safety stock (c) If a manager sets the reorder point at 30, what is the probability of a stock-out on any given order cycle? (Round your answer to four decimal places.) How many times would you expect a stock-out during the year if this reorder point were used? (Round your answer to the nearest integer.)

You may need to use the appropriate technology to answer this question. A health and nutrition store stocks a multivitamin with an annual demand of 1,000 bottles has C = $26.50 and C₁ = $7. The demand exhibits some variability such that the lead-time demand follows a normal probability distribution with u = 25 and a = 5. (a) What is the recommended order quantity? (Round your answer to the nearest integer.) (b) What are the reorder point and safety stock if the store desires at most a 6% probability of stock-out on any given order cycle? (Round your answers to the nearest integer.) reorder point safety stock (c) If a manager sets the reorder point at 30, what is the probability of a stock-out on any given order cycle? (Round your answer to four decimal places.) How many times would you expect a stock-out during the year if this reorder point were used? (Round your answer to the nearest integer.)

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...

See similar textbooks

Similar questions

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
A memo is a business communication between colleagues or employees. You are an administrative assistant. Although specific employees were previously made aware of an upcoming technology training, your manager has finalized all plans for the training. The manager wants you to create a memo telling the 10 employees about the professional development opportunity. You also need to inform them of the following such as what the training is for, what the presenter is, including a brief statement about his/her background, where the training will be held, including the date and time, whether or not parking is available, whether or not lunch and any refreshments will be served.
[Karen] Karen is selling products door-to-door for Blouse Barn. During some of her house calls this week, Karen opened by asking if customer wanted to buy 10 blouses for $100; however, this was not Karen's actual goal. Her goal was to get the customer to buy 5 blouses. When Karen makes a large request at the beginning of her presentation and then asks for a smaller order later, the customer is more likely to purchase the 5 blouses. What type of selling tactic is Karen using? O Foot-in-the-door O Ingratiation O Outlined Presentation O Adaptive Selling O Door-in-the-face
Typed and correct answer please. I will rate accordingly. Don't do wrong please. It's most important for me....
DO NOT GIVE PLAGRIZED ANSWER
Explain how if you are a business leader, you would use the acronym RAPID to help you decide if your workforce should return to your corporates at least four days a week, or if you will make teleworking a permanent option for all employees? RAPID is an acronym—an easy way to think about five important roles in most decision processes (Recommend, Agree, Perform, provide Input, Decide)
What is the goal of an employee orientation? Select a Choice Below OptionATo ensure that the right employees are selected OptionBTo introduce employees to policies and procedures so they can start working right away OptionCTo measure the employee's level of understanding about a particular job OptionDTo analyze the employee's social skills
For the three-part question that follows, provide your answer to each question in the given workspace. Identify each part with a coordinating response. Be sure to clearly label each part of your response as Part A, Part B, and Part C.Part A: What is a construct?Part B: A researcher wants to know the impact of sleep on test performance. The researcher gives a pretest to the participants that covers multiplication and division. After the participants have slept, the researcher gives a second test, but this time, the test includes addition of numbers between 0 and 10. The researcher will then compare the scores of the pretest and the posttest. Will the score on the test accurately reflect the impact of sleep on test performance?Part C: Explain your answer to Part B with two complete sentences.
Nonverbal Scavenger Hunt Adapted from Pamela Kaylor, Ohio State University A Field Research Assignment for COM 252, Introduction to Interpersonal Communication Go to an open area where people are located (social distancing) or observe people online via media to complete the assignment. Download this document and type your answers on this sheet. Then use this scavenger hunt sheet to complete the Reflection 1 assignment. (both are due Sunday). The reflection information will be typed at the bottom of this document. 1. Kinesics (Body Movement): The body is the most important nonverbal communication system. Kinesics include the body and gestures. Name six adjectives to describe the movement for six different people you observe. Why are they moving this way (what meaning would you interpret from their movement)? 1. 2: 3: 4: 5: 6: 2. Body Appearance: Includes height, weight, build, hair, skin Which stores, departments, or other areas explored are particularly related to the body? Name four…
For students doing a Project Study and students doing an internship, prepare a journal entry sharing your reflections on your experience in the preparation of the data collection document/s you used in your research. For students doing a Systematic Review prepare a journal entry sharing your reflections on your experience in finding and selecting studies for use in your research. You are to follow Gibb’s Reflective Cycle as your guide in laying out your reflection.
Give elaborate and correct answer. i will upvote. thank you. What is the first step in developing a training program? How should the effectiveness of a training program be evaluated?