What is the average inventory? What is the average flow time? What is the required safety inventory to achieve the desired service level?
What is the average inventory? What is the average flow time? What is the required safety inventory to achieve the desired service level?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question
What is the average inventory?
What is the average flow time?
What is the required safety inventory to achieve the desired service level?
What is the required re-order point to achieve the desired service level?
![Assume:
Demand Rate (Throughput, R) is 200 unit/day,
Order Quantity (Q) is 4,000
Lead-Time (LT) is 5 days,
Average Lead-Time Demand (LTD) is 1,000 unit,
Lead-Time Demand Standard Deviation (STD) is 100 units,
Re-Order Point (ROP) is 1,200 units](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc3a5dee4-5b1b-4019-8837-262d44de249a%2Fae8bc570-f3d0-4d3e-ba07-8c274b2f405e%2Fqp4mla_processed.png&w=3840&q=75)
Transcribed Image Text:Assume:
Demand Rate (Throughput, R) is 200 unit/day,
Order Quantity (Q) is 4,000
Lead-Time (LT) is 5 days,
Average Lead-Time Demand (LTD) is 1,000 unit,
Lead-Time Demand Standard Deviation (STD) is 100 units,
Re-Order Point (ROP) is 1,200 units
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