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svetoff [14.1K]
2 years ago
10

Ned's Natural Foods sells unshelled peanuts by the pound Historically, Ned has observed that daily demand is normally distribute

d with a mean of 80 pounds and a standard deviation of 10 pounds Lead time also appears normally distributed with a mean of eight days and a standard deviation of one day. Use Table What ROP would provide a stock out risk of 10 percent during lead time? (Round your answer to the nearest whole number.) rope units What is the expected number of units (pounds) short per cycle? (Round your answer to 3 decimal places.) Expected number of units
Business
1 answer:
labwork [276]2 years ago
3 0

Answer:

a) 749

b) 4.073

Explanation:

Given:

Mean = demand = 80 pounds

Standard deviation of demand = 10 pounds

Lead time = 8 days

Standard deviation of lead time = 1 day

a) What ROP would provide a stock out risk of 10 percent during lead time.

To find this re-order point (ROP) quantity, take the formula:

ROP = d(LT) + z \sqrt{ LT \sigma_d ^2 +  LT^2 \sigma_L_T ^2}

Here, service level = 100%-10% = 90%,

Thus z at 90% = ±1.28

ROP = 80(8) + 1.28 \sqrt{8* 10^2 +  (8)^2*(1)^2}

ROP = 640 + 1.28\sqrt{800 +  64}

= 640 + 1.28* 84.85

= 748.61

≈ 749 units

b) What is the expected number of units (pounds) short per cycle.

Find the number of units shorts per cycle. Take the formula:

E(n) = E(z) * \sigma d_L_T

[

Where E(z) = standardized number of shorts = 0.048

\sigma d_L_T = standard deviation of lead time demand = 84.85

Therefore,

E(n) = 0.048 * 84.85

= 4.073

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You take $150 you had kept under your mattress and deposit it in your bank account. Suppose this $150 stays in the banking syste
iogann1982 [59]

Answer:

The answer is $12.

Using the formula total credit /Money created = Total deposit /Cash reserve ratio

Total deposit = $150

Cash reserve ratio = 12.5%

150/12.5

=12

Therefore, the total money created in the banking system is $12. From the above, it could be rightly said that creation of money by banks is a process whereby the banks received deposit from customers and give the deposit to borrowers in the form of loan after deducting cash or reserve ratio.

3 0
2 years ago
Demand for a product is​ 12,000 units per year. Every time an order is​ made, the company must pay​ $15.00 per order. The cost t
KATRIN_1 [288]

Answer:

Total cost is $24060

Explanation:

Total demand per year = 12000 units

Size of one order = 3000 units

Total number of orders = 12000 / 3000 = 4

Per order cost = $15

Per unit cost = $2

Below is the calculation to find the total cost.

Total cost = Number of orders × Per order cost + Total demand per year × Per unit cost

Now insert the values.

Total cost = 4 ×15 + 12000 × 2

Total cost = $24060

5 0
2 years ago
Suppose that the weekly price of milk is $3.40 per gallon and MPEP decides to ramp up weekly advertising by 35 percent to $150 (
nadezda [96]

Answer:

Total Cost increase  5,253.4 unit

Explanation:

given data

weekly price a = $3.40 per gallon

ramp up weekly b = 35%

ramp up weekly  upto x = $150( in hundred)

solution

we will use here the regression equation that is

Y = a + b x    ...........................1

here Y is Total Cost and a is fixed cost and  

b is rate of variability and x is level of activity

so here put value in equation 1 we get

Total Cost Y = 3.40 + 0.35 × ( 15,000)

Total Cost  Y = 3.40 + 5,250

Total Cost increase  5,253.4 unit

7 0
1 year ago
After graduation, you plan to work for Dynamo Corporation for 12 years and then start your own business. You expect to save and
ExtremeBDS [4]

Answer:25,000 in 12 years = 25,000*(1.09)^12= $70,316

Value of $7,500 deposits in 6 years

Use financial calculator and input these values

N=6

PV=0

PMT=7,500

I=9

Compute FV= 56,425, after this

PV= 56,425

PMT= 15,000

I=9

N=6

Compute FV=$ 207,480

We will have (207,480+ 70,316) = $277,796 in 12 years to start our business.

                                 

Explanation:

4 0
2 years ago
Ivan is an operations manager of a chain of amusement parks. Before she determines a new location for a park, she must forecast
Lelechka [254]

Answer:

because Ivan's decisions will impact the substantial cost of the business.

Explanation:

An operations manager is responsible for managing organizational resources and applying them effectively to meet organizational goals and objectives. It is therefore necessary that Ivan as the operations manager of a network of amusement parks, before determining a new location for a park, he must anticipate the customer demand and determine the adequate capacity of the site for the construction of the park. that their decisions will directly impact the substantial cost of the business, that is, the planning must meet the needs specified by the customer so that the cost is compatible with the budget provided for by an effective planning for that business.

Organizational resources must be allocated efficiently and effectively so that there is compliance with the objectives and goals of a business and for it to be well positioned and successful in the market.

4 0
1 year ago
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