When should raw material be reordered in acceptable risk, Operation Management

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When should raw material be reordered in acceptable risk

A shop owner uses a reorder point approach to restocking a certain raw material. Lead time is six 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 stockout is 3%?

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Operation Management: When should raw material be reordered in acceptable risk

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Operation Management: When should raw material be reordered in acceptable risk

Reference No:- TGS083284

Have a Question? (oR Write a Review)

Recent Questions Asked Operation Management

Q : A topic that addresses many technologies

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Q : How are likert casual intervening

Q : Problem based on negligent misrepresentation

Q : When should raw material be reordered in acceptable risk

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Request for Solution File

Ask an Expert for Answer!!

Operation Management: When should raw material be reordered in acceptable risk

Reference No:- TGS083284

Recent Questions Asked Operation Management

Q : A topic that addresses many technologies

Q : Find a recent article related to diabetic

Q : How are likert casual intervening

Q : Problem based on negligent misrepresentation

Q : When should raw material be reordered in acceptable risk

Q : How much is the direct materials price variance

Q : Employer payroll taxes are recorded separately

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Q : Under what circumstances do you think using an saas

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