Gainesville Cigar stocks Cuban cigars that have variable lead times because of the difficulty in importing the product: Lead time is normally distributed with an average of 4 weeks and a standard deviation of 2 weeks. Demand is also a variable and normally distributed with a mean of 225 cigars per week and a standard deviation of 25 cigars. Refer to the standard normal table for z-values. This exercise contains only parts a and b. a) For a 95% service level, what is the ROP? The reorder point is cigars (round your response to the nearest whole number).
Q: What is the difference between Preventive Maintenance and Predictive Maintenance?
A: Maintenance is the combination of the activities that help equipment to restore that stage in which…
Q: Assume you have been tasked with finding a suitable location for a new shopping center in your city.…
A: Proposal for new shopping mall: Exploiting data innovation, geographic data frameworks (GIS) empower…
Q: What is the primary purpose of the incident report? To eliminate unforeseen errors a device used…
A: An incident report can be stated as the equipment that reports or documents any incident or event…
Q: Ethics in project management are critical.
A: ANSWER : Ethics is so key to executing projects successfully, the PMI has carried out a Code of…
Q: If both demand and supply are simultaneously modified when aggregate planning, it is generally most…
A: Demand: Demand is an economic theory that refers to a consumer's desire to buy products and services…
Q: The data below represent a project that can be completed at normal cost in 15 days. The project can…
A: Find the Given details below: Activity Predecessor Normal Time (NT) (Days) Crash Time (CT) (Days)…
Q: Dear students, for this assignment I want you to think (critically!) about what the advantages and…
A: The Modes of Transportation is defined as various ways of Transportation or transporting goods or…
Q: Q2 / Find the basic solution of the transportation model using my method (Less Cost, Vogel Approx
A:
Q: Cite an example of ideas that involve identifying a new market for an existing product or service…
A: Market Penetration In a market penetration strategy, the firm purposes its products in the existing…
Q: A mission-critical system is a system that is crucial to the success of a company
A: Mission Critical system:- A mission-critical system is an important part of the infrastructure of a…
Q: Why pharmacy is the best business to established in amidst of pandemic?
A: Pharmaceutical business has a great role to play at the time of COVID pandemic. They have been…
Q: How does a desire for personal control affect managers and how can they balance it with…
A: Organizational control is the systematic method by which managers govern organizational operations…
Q: Determine the pivot element in the simplex tableau. (If there is more than one correct pivot…
A:
Q: What are several reasons on why it's beneficial to use operations management in the workplace?
A: Operations management is the management that ensures the highest possibility in the organization.
Q: Jesaki Publishing is planning for a new novel, and figures fixed costs (overhead, advances,…
A: We will first understand each term in the cost function. C(x) is the total cost for a particular…
Q: Solve for the most economical number of units that a company should order given the following: The…
A: Economic Order Quantity is a inventory management technique which helps to identify the lowest cost…
Q: a. Determine the expected project completion time and the variance. b. What is the project's…
A: The critical path is a method to find the shortest duration by which a project can be completed with…
Q: If management decides that the number of units of Product 8 manufactured must equal or exceed the…
A:
Q: 1. What’s the cycle time for this production line? 2. What’s the theoretical minimum number of…
A:
Q: To attract, satisfy, and retain the better customers during the upcoming year, a business would…
A: Customer satisfaction can be stated as the measurement that evaluates how happy the clients are with…
Q: What do you believe is the ethically ideal way for a supervisor to respond to a sincere,…
A: Individuals' work performance is measured by how well they carry out their responsibilities. Job…
Q: information security management
A: We’ve been thinking about informational security since literally several years. Yes, thousands of…
Q: Which of the locations is the most expensive?
A: Here according to the given condition:
Q: A communication company is manufacturing mobile phones. Their annual demand is 5,000 mobile sets.…
A:
Q: For every ERP system, what is the ideal testing strategy
A: Enterprise Resource Planning : Enterprise Resource Planning also known as ERP is a comprehensive…
Q: Application Development: Build In-House or Outsource Use the information in the table below to…
A:
Q: Explain the process involved in tour guiding.
A: Vigilant planning is mandatory when evolving a route for tour.
Q: Suppose it is decided that the number of hours used in the assembly process must be at least 80% of…
A:
Q: What is meant by a dysfunctional effect of change? Give appropriate example.
A: Change refers to the innovation in the startegy,technology,process or anything which could bring a…
Q: a. Which of the two suppliers would provide the lowest annual cost to Weekend Projects? What…
A:
Q: Soft influence tactics are more effective than hard influence tactics at getting a high level of…
A: Soft influence tactics are more effective than hard influence tactics at getting a high level of…
Q: distinguish between the terms sustaiability and sustaibale yield
A: Sustainable development can be stated as the organizing domain for fulfilling human development…
Q: Month 1 Month 2 Month 4 Month 5 Month 6 Activity A Cost $100 $200 $ 60 $ 80 $ 40 $150 $300 $100 $ 50…
A: The Cost Performance Index or called (CPI) is a process for estimating the cost efficiency &…
Q: Write in detail the planning and establishing of a Day Care Services for a 500 bedded district…
A: Health care institutions include nursing homes, hospital, health maintenance organizations, health…
Q: Describe the important operating characteristics of a queuing system. Be sure to provide examples to…
A: Queuing system:- A queuing system is essentially any system that uses a queue to organize items…
Q: Which of the following 2 points statements regarding substitutes is accurate? * In the extreme,…
A: Which of the following statements regarding substitutes is accurate? In the extreme, substitutes…
Q: Spreadsheet Assume the specifications for a part (in inches) are 4.000.30, and the Taquchi loss…
A: Given data The target value (T) = 4.00The observed value (x) = 4.53 inches. Taguchi loss function…
Q: how Supply Chain Management inpact the logistics?
A: Supply chain management refers to the proper planning and staffing the process of supply chain in…
Q: Determine the break-even point in dollars if the fixed costs are reduced by $12,100 while variables…
A:
Q: Activity 8 Shown below are the tasks, tir to assemble a copier machine. or- 40..nite
A: Given: Production time per day=480 minutes Output per day=40units Task Task Time mins Immediate…
Q: Discuss the main causes of organizational decline and suggest appropriate preventive measures
A: When the success rate of organizations is observed from a global perspective one can find that the…
Q: A store open 24 hours per day is interested in determining store traffic. They found that customers…
A:
Q: Normal Normal Crash Cost, $ Time 150 200 200 350 250 Crash Cost, $ 200 350 250 650 slope Time 25 150…
A: Project crashing is a process which helps to reduce the total duration of a project using additional…
Q: Service processes exist in terms of ________ systems.
A: Service process refers to the process followed by the firm to deliver its product or service to its…
Q: How will you control quality, inventory, and production? How will you measure your progress?
A: Inventory refers to all the goods and materials that are held by a business with the objective of…
Q: Which of the following combinations of practices help to promote informal learning within a…
A: ANSWER : D) All the above
Q: What is the difference between an analytical and a synthetic manufacturing process? Give an example…
A: There are mainly 4 types of manufacturing processes namely: analytic, synthetic, continuous, and…
Q: Referring to the table below, Jobs Work Center 1 (2 (In Days) Dates in Days) Work Center Due 3 6. 4.…
A: Find the Given details below: Given details: Job Required Days Due Dates WC 1 WC 2 1 3 2 9…
Q: What is the average time a car is in the system? b. What is the average number of cars in the…
A: NOTE: We are allowed to do the first three sub-parts only.
Q: Why estimating time and cost is critical.
A: As a business owner, you have to ensure that the cost of your projects or products doesn’t exceed…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 3 images
- Gainesville Cigar stocks Cuban cigars that have variable lead times because of the difficulty in importing the product: Lead time is normally distributed with an average of 4 weeks and a standard deviation of 2 weeks. Demand is also a variable and normally distributed with a mean of 150 cigars per week and a standard deviation of 25 cigars. Refer to the standard normal table for z-values. This exercise contains only parts a and b. a) For a 90% service level, what is the ROP? The reorder point is cigars (round your response to the nearest whole number).Gainesville Cigar stocks Cuban cigars that have variable lead times because of the difficulty in importing the product: Lead time is normally distributed with an average of 4 weeks and a standard deviation of 2 weeks. Demand is also a variable and normally distributed with a mean of 225 cigars per week and a standard deviation of 25 cigars. Refer to the standard normal table for z-values. This exercise contains only parts a and b. a) For a 95% service level, what is the ROP? The reorder point is 1645 cigars (round your response to the nearest whole number). b) What is the ROP for a 96% service level? The reorder point is cigars (round your response to the nearest whole number).Harvey Gold, orders an unusual olive from the island of Santorini, off the Greek coast. Over the years he has noticed considerable variability in the time it takes to receive orders of these olives. He can place a replenishment order at any time. On average the order lead time is 4 months and the standard deviation is 6 weeks (1.5 months). The monthly demand for olives is normally distributed with a mean of 15 jars and a standard deviation of 6. The fixed ordering cost =$500, the cost of a jar to Harvey is $10 a jar, and the annual inventory holding cost is 18% of the product's cost ($10 per jar). Assume 4 weeks each month and 90% service level. Find the reorder point s, amount of safety stock, order-up-to level S, average inventory level, and the annual inventory-related cost. Table of Z-values for normal distribution: Service level Z-value 90% 1.29 91% 92% 93% 94% | 95% 96% 97% 98% 99% 1.65 1.34 1.41 1.48 1.56 1.75 1.88 2.05 2.33
- Gainesville Cigar stocks Cuban cigars that have variable lead times because of the difficulty in importing the product: lead time is normally distributed with an average of 6 weeks and a standard deviation of 2 weeks. Demand is also a variable and normally distributed with a mean of 200 cigars per week and a standard deviation of 25 cigars.a) For a 90% service level, what is the ROP?b) What is the ROP for a 95% service level?c) Explain what these two service levels mean. Which is preferable?Bakery A sells bread for $2 per loaf that costs $0.50 per loaf to make. Bakery A gives an 80% discount for its bread at the end of the day. Demand for the bread is normally distributed with a mean of 300 and a standard deviation of 30. What order quantity maximizes expected profit for Bakery A? (use the normal distribution table posted on Canvas and round up to the nearest integer)The Fast Service Food Mart stocks frozen pizzas in a refrigerated display case. The average daily demand for the pizzas is normally distributed, with a mean of 8 pizzas and a standard deviation of 2.5 pizzas. A vendor for a packaged food distributor checks the market’s inventory of frozen foods every 10 days, and during a particular visit, there were no pizzas in stock. The lead time to receive an order is 3 days. Determine the order size for this order period that will result in a 99% service level. During the vendor’s following visit, there were 5 frozen pizzas in stock. What is the order size for the next order period?
- Alina Limited is a manufacturer of widgets orders components for use in manufacturing. The estimated demand for the components during the coming year is 15,000. Order costs are $100 per order; carrying costs are $12 per component. Using the economic order quantity model What is Alina Ltd’s optimum order quantity? If the supplier guarantees a three (3) day delivery on any order that is placed, What is the re-order point?You are running the supply chain for a grocery store operating across Upstate Souun Carolina. You operate a central warehouse and have multiple stores. For each of the following situations determine if it would be best to operate inventory for the product that is pooled at your central warehouse or determined individually by each retail store. Provide at least 1 sentence discussing your choice. (a) The demand for boxes of Nutty Bars at each store during a week is i.i.d. with mean u = 1000 and standard deviation o = Nutty Bars are high compared to holding costs for Nutty Bars. 10. Transshipment costs between the stores for (b) The demand for Fudge Rounds at each store during a week is i.i.d. with mean u = 200 75. Transhipment costs between the stores for Fudge and standard deviation o Rounds are relatively small compared to holding costs.H & K Electronic Warehouse sells a 12-pack of AAA batteries, and this is a very popular item. Demand for this is normally distributed, with an average of 50 packs per day and a standard deviation of 16. The average delivery time is 5 days, with a standard deviation of 2 days. Delivery time has been found to be normally distributed. A 96% service level is desired. What is the standard deviation of demand during the lead time? How much safety stock should be carried, and what should be the reorder point
- Nationwide Auto Parts uses a periodic review inventory control system for one of its stock items. The review interval is 6 weeks, and the lead time for receiving the materials ordered from its wholesaler is 3 weeks. Weekly demand is normally distributed, with a mean of 100 units and a standard deviation of 20 units.a. What is the average and the standard deviation of demand during the protection interval?b. What should be the target inventory level if the firm desires 97.5 percent stockout protection?c. If 350 units were in stock at the time of a periodic review, how many units should be ordered?3. Daily demand for tablets of amazon is normally distributed, with a mean of 100 and standard deviation of 30. The tablet supplier takes an average of 15 days to replenish inventory at Amazon. The standard deviation of the supplier lead time is 5 days. Amazon follows a "periodic review policy" with a review period of 30 days. Amazon is targeting a CSL of 98% for its tablet inventory. (a) What is the mean demand during lead time and review period? What is the standard deviation of demand during lead time and review period? (c) What is the safety (b) stock (in units) during lead time and review period?Daily demand for fresh cauliflower in the ZZ-Warehouse store follows normal distribution with mean 100 cartons and s.d. 20 cartons. The ZZ-Warehouse buys at a cost of $50.00 per carton, sells it for $70.00 per carton. Unsold cartons are sold for $20.00 per carton. Cost of shortage = 70-50 = 20; cost of excess = 50-20 = 30; Ratio using (20.1), the service level = (20/(20+30))= 0.4 What is the optimal order quantity, using the single period – continuous demand model? a. 105 b. 95 c. 110 d. 100 e. 80