When raw material be reordered if acceptable risk is given, Operation Management

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When raw material be reordered if acceptable risk is given

A certain raw material is restocked using a reorder point approach. Lead time is 6 days. Usage of the material during lead time is normally distributed with a mean of 42 pounds and a standard deviation of 4 pounds. When should the raw material be reordered if the acceptable risk of a stock out is 3%?

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Operation Management: When raw material be reordered if acceptable risk is given

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Operation Management: When raw material be reordered if acceptable risk is given

Reference No:- TGS080225

Have a Question? (oR Write a Review)

Recent Questions Asked Operation Management

Q : What are the optimal values of the decision variables

Q : Work in process inventory at the end of the period

Q : How to measure the outcomes of objectives

Q : Total equivalent units for materials and conversion

Q : When raw material be reordered if acceptable risk is given

Q : Problem based on activity-based costing

Q : Find how much of each resource is unused

Q : Excess or deficiency of cash available over disbursements

Q : Amount to be capitalized as the cost of the machine

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Request for Solution File

Ask an Expert for Answer!!

Operation Management: When raw material be reordered if acceptable risk is given

Reference No:- TGS080225

Recent Questions Asked Operation Management

Q : What are the optimal values of the decision variables

Q : Work in process inventory at the end of the period

Q : How to measure the outcomes of objectives

Q : Total equivalent units for materials and conversion

Q : When raw material be reordered if acceptable risk is given

Q : Problem based on activity-based costing

Q : Find how much of each resource is unused

Q : Excess or deficiency of cash available over disbursements

Q : Amount to be capitalized as the cost of the machine

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