If the current order point is 400 pounds, what is the resulting service level?
Ken Ells, owner and operator of Kennels, Inc., is concerned that the person in charge of ordering dog food is often incurring an order expediting expense because he is waiting too long (letting the inventory level drop too low) before ordering.
Past data indicate that demand during lead time (when expediting does not occur) is normally distributed with a mean of 340 pounds and a standard deviation of 45 pounds.
Ken wants the probability of running out of dog food to be 0.03.
90.82%
You might also like to view...
Global companies entering new markets will need to adapt their offerings, distribution systems, and operations to local demand and custom
Indicate whether the statement is true or false
On a worksheet, the adjusted balance of the Accumulated Depreciation account is extended to:
A. the Balance Sheet Credit column. B. the Income Statement Credit column. C. the Income Statement Debit column. D. the Balance Sheet Debit column.
On December 31 . 2014, Omar Corporation's current liabilities total $60,000 and long-term liabilities total $160,000 . Working capital at December 31 . 2014, is equal to $90,000 . If Omar Corporation's debt-to-equity ratio is .40 to 1 . total long-term assets must equal
a. $620,000. b. $770,000. c. $550,000. d. $680,000.
DealIt! is an online retailer of electronic goods. After HP announced that it was spinning off its
hardware division and consequently selling its tablet devices at throwaway prices, a huge demand for these devices arose. DealIt! was one of the few retailers to still hold stock of the tablet devices. DealIt! decided to sell the HP tablet devices at prices 25% more than those offered by the official HP online store. Customers lapped up the goods as they still presented a bargain for them. Which of the following pricing objectives did DealIt! pursue in the above case? A) market skimming pricing objective B) survival pricing objective C) profit maximization pricing objective D) market share maximization pricing objective