The implied level of safety stock in the organization’s system. Concept Introduction: A safety stock is an additional amount of stocks maintained by businesses in facing unforeseen events such as stock outs. Such shortfalls in stocks may be related to raw material or even packaging. The unforeseen events that cause stock outs may be in relation to demand or supply. Sufficient levels of safety stocks enable businesses to continue operations without disruptions even at troublesome times.

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Answer 1

Question

Chapter 6, Problem 5P

(a)

Summary Introduction

Interpretation:The implied level of safety stock in the organization’s system.

Concept Introduction:A safety stock is an additional amount of stocks maintained by businesses in facing unforeseen events such as stock outs. Such shortfalls in stocks may be related to raw material or even packaging. The unforeseen events that cause stock outs may be in relation to demand or supply. Sufficient levels of safety stocks enable businesses to continue operations without disruptions even at troublesome times.

(b)

Summary Introduction

Interpretation:The anticipated decrease in waiting time provided that one container was removed.

Concept Introduction:Lead time is period of time between one operation and the next within a process. It is often used in operations management with regard to production lines. It is typically the time taken for the material to reach a work station from the previous one. In relation to the given scenario, if one container is being removed, the waiting time calculated previously must be reduced to keep up with previous timings.

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The oasis outpost of Abu Ilan, in the heart of the Negev desert, has a population of 20 Bedouin tribesmen and 20 Farima tribesmen. El Kamin, a nearby oasis, has a population of 32 Bedouins and 8 Farima. A lost Israeli soldier, accidentally separated from his army unit, is wandering through the desert and arrives at the edge of one of the oases. The soldier has no idea which oasis he has found, but the first person he spots at a distance is a Bedouin. 1. What is the probability that he wandered into Abu Ilan? 2. What is the probability that he is in El Kamin?

2-22 The lost Israeli soldier mentioned in Problem 2-21 decides to rest for a few minutes before entering the desert oasis he has just found. Closing his eyes, he dozes off for 15 minutes, wakes, and walks toward the center of the oasis. The first person he spots this time he again recognizes as a Bedouin. What is the posterior probability that he is in El Kamin?*Note* 2-21 The oasis outpost of Abu Ilan, in the heart of the Negev desert, has a population of 20 Bedouin tribesmen and 20 Farima tribesmen. El Kamin, a nearby oasis, has a population of 32 Bedouins and 8 Farima. A lost Israeli soldier, accidentally separated from his army unit, is wandering through the desert and arrives at the edge of one of the oases. The soldier has no idea which oasis he has found, but the first person he spots at a distance is a Bedouin. What is the probability that he has wandered into Abu Ilan? What is the probability that he is in El Kamin?

A new integrated computer system is to be installed worldwide for a major corporation. Bids on this project are being solicited, and the contract will be awarded to one of the bidders. As a part of the pro- posal for this project, bidders must specify how long the project will take. There will be a significant penalty for finishing late. One potential contractor determines that the average time to complete a proj- ect of this type is 40 weeks with a standard devia- tion of 5 weeks. The time required to complete this project is assumed to be normally distributed. (a) If the due date of this project is set at 40 weeks, what is the probability that the contractor will have to pay a penalty (i.e., the project will not be finished on schedule)? (b) If the due date of this project is set at 43 weeks, what is the probability that the contractor will have to pay a penalty (i.e., the project will not be finished on schedule)? (c) If the bidder wishes to set the due date in the proposal so that…

Answer 2

Question

Chapter 6, Problem 5P

(a)

Summary Introduction

Interpretation:The implied level of safety stock in the organization’s system.

Concept Introduction:A safety stock is an additional amount of stocks maintained by businesses in facing unforeseen events such as stock outs. Such shortfalls in stocks may be related to raw material or even packaging. The unforeseen events that cause stock outs may be in relation to demand or supply. Sufficient levels of safety stocks enable businesses to continue operations without disruptions even at troublesome times.

(b)

Summary Introduction

Interpretation:The anticipated decrease in waiting time provided that one container was removed.

Concept Introduction:Lead time is period of time between one operation and the next within a process. It is often used in operations management with regard to production lines. It is typically the time taken for the material to reach a work station from the previous one. In relation to the given scenario, if one container is being removed, the waiting time calculated previously must be reduced to keep up with previous timings.

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Answer 3

Question

Chapter 6, Problem 5P

(a)

Summary Introduction

Interpretation:The implied level of safety stock in the organization’s system.

Concept Introduction:A safety stock is an additional amount of stocks maintained by businesses in facing unforeseen events such as stock outs. Such shortfalls in stocks may be related to raw material or even packaging. The unforeseen events that cause stock outs may be in relation to demand or supply. Sufficient levels of safety stocks enable businesses to continue operations without disruptions even at troublesome times.

(b)

Summary Introduction

Interpretation:The anticipated decrease in waiting time provided that one container was removed.

Concept Introduction:Lead time is period of time between one operation and the next within a process. It is often used in operations management with regard to production lines. It is typically the time taken for the material to reach a work station from the previous one. In relation to the given scenario, if one container is being removed, the waiting time calculated previously must be reduced to keep up with previous timings.

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Answer 4

Question

Chapter 6, Problem 5P

(a)

Summary Introduction

Interpretation:The implied level of safety stock in the organization’s system.

Concept Introduction:A safety stock is an additional amount of stocks maintained by businesses in facing unforeseen events such as stock outs. Such shortfalls in stocks may be related to raw material or even packaging. The unforeseen events that cause stock outs may be in relation to demand or supply. Sufficient levels of safety stocks enable businesses to continue operations without disruptions even at troublesome times.

(b)

Summary Introduction

Interpretation:The anticipated decrease in waiting time provided that one container was removed.

Concept Introduction:Lead time is period of time between one operation and the next within a process. It is often used in operations management with regard to production lines. It is typically the time taken for the material to reach a work station from the previous one. In relation to the given scenario, if one container is being removed, the waiting time calculated previously must be reduced to keep up with previous timings.

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Answer 5

Chapter 6, Problem 5P

(a)

Summary Introduction

Interpretation:The implied level of safety stock in the organization’s system.

Concept Introduction:A safety stock is an additional amount of stocks maintained by businesses in facing unforeseen events such as stock outs. Such shortfalls in stocks may be related to raw material or even packaging. The unforeseen events that cause stock outs may be in relation to demand or supply. Sufficient levels of safety stocks enable businesses to continue operations without disruptions even at troublesome times.

(b)

Summary Introduction

Interpretation:The anticipated decrease in waiting time provided that one container was removed.

Concept Introduction:Lead time is period of time between one operation and the next within a process. It is often used in operations management with regard to production lines. It is typically the time taken for the material to reach a work station from the previous one. In relation to the given scenario, if one container is being removed, the waiting time calculated previously must be reduced to keep up with previous timings.

Answer 6

Chapter 6, Problem 5P

(a)

Summary Introduction

Interpretation:The implied level of safety stock in the organization’s system.

Concept Introduction:A safety stock is an additional amount of stocks maintained by businesses in facing unforeseen events such as stock outs. Such shortfalls in stocks may be related to raw material or even packaging. The unforeseen events that cause stock outs may be in relation to demand or supply. Sufficient levels of safety stocks enable businesses to continue operations without disruptions even at troublesome times.

Answer 7

Chapter 6, Problem 5P

(a)

Summary Introduction

Interpretation:The implied level of safety stock in the organization’s system.

Concept Introduction:A safety stock is an additional amount of stocks maintained by businesses in facing unforeseen events such as stock outs. Such shortfalls in stocks may be related to raw material or even packaging. The unforeseen events that cause stock outs may be in relation to demand or supply. Sufficient levels of safety stocks enable businesses to continue operations without disruptions even at troublesome times.

Answer 8

(b)

Summary Introduction

Interpretation:The anticipated decrease in waiting time provided that one container was removed.

Concept Introduction:Lead time is period of time between one operation and the next within a process. It is often used in operations management with regard to production lines. It is typically the time taken for the material to reach a work station from the previous one. In relation to the given scenario, if one container is being removed, the waiting time calculated previously must be reduced to keep up with previous timings.

Answer 9

(b)

Summary Introduction

Interpretation:The anticipated decrease in waiting time provided that one container was removed.

Concept Introduction:Lead time is period of time between one operation and the next within a process. It is often used in operations management with regard to production lines. It is typically the time taken for the material to reach a work station from the previous one. In relation to the given scenario, if one container is being removed, the waiting time calculated previously must be reduced to keep up with previous timings.

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 6 - Prob. 1DQ Ch. 6 - Prob. 2DQ Ch. 6 - Prob. 3DQ Ch. 6 - Prob. 4DQ Ch. 6 - Prob. 1P Ch. 6 - Prob. 3P Ch. 6 - Prob. 4P Ch. 6 - Prob. 5P Ch. 6 - Prob. 6P Ch. 6 - Prob. 7P

Solution Summary: The author explains the implied level of safety stock in the organization's system. The implied safety factor is 2.56%.

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Chapter 6 Solutions