An organization implemented a fixed order quantity material management system. The daily demand is normally distributed, as is the lead times. The inventory safety stock's service level corresponds to a z-score of 2.33. The average daily demand is 43 units With a variance of daily demand of 23 The average lead time is 4 days with a variance of lead time of 1 . Determine the required safety stock in units. Round to the nearest whole unit, if applicable.

Answers

Answer 1

The required safety stock in units, rounded to the nearest whole unit, is 180 units.


Given data:

The average daily demand is 43 units with a variance of daily demand of 23.

The average lead time is 4 days with a variance of lead time of 1.

The safety stock's service level corresponds to a z-score of 2.33.

To determine the required safety stock in units, we use the formula:

z-score = (Safety stock - Average demand × Average lead time) / √(Variance of demand × lead time)

Given the z-score of 2.33, we need to find the safety stock.

First, we calculate the average demand during lead time:

Average demand during lead time = Average daily demand × Average lead time

= 43 units/day × 4 days

= 172 units

Using the formula, we can now calculate the safety stock:

2.33 = (Safety stock - 172) / √(23 × 4)

2.33 × 2 × √23 × 2 = Safety stock - 172

Safety stock = 172 + 6.72 ≈ 179.72 ≈ 180 units

Therefore, the required safety stock is 180 units.

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Related Questions

A market is described by the following supply and demand curves: QS = 4P QD = 400−P The equilibrium price is $ and the equilibrium quantity is. Suppose the government imposes a price ceiling of $60. This price ceiling is , and the market price will be $. The quantity supplied will be , and the quantity demanded will be. Therefore, a price ceiling of $60 will result in. Suppose the government imposes a price floor of $60. This price floor is , and the market price will be $. The quantity supplied will be and the quantity demanded will be. Therefore, a price floor of $60 will result in. Instead of a price control, the government levies a tax on producers of $10. As a result, the new supply curve is: QS = 4(P−10) With this tax, the market price will be $ , the quantity supplied will be , and the quantity demanded will be. The passage of

Answers

The equilibrium price of the market described by the given supply and demand curves is $200 and the equilibrium quantity is 200 units.


When the government imposes a price ceiling of $60, it is a legally mandated maximum price that sellers are allowed to charge. This price ceiling is below the equilibrium price and therefore, it will create a shortage in the market. The market price will be $60 and the quantity supplied will be 160 units, while the quantity demanded will be 240 units. Therefore, a price ceiling of $60 will result in a shortage of 80 units.
When the government imposes a price floor of $60, it is a legally mandated minimum price that sellers are allowed to charge. This price floor is above the equilibrium price and therefore, it will create a surplus in the market. The market price will be $60 and the quantity supplied will be 240 units, while the quantity demanded will be 160 units. Therefore, a price floor of $60 will result in a surplus of 80 units.
Instead of a price control, the government levies a tax on producers of $10. This tax will increase the cost of production for the sellers, shifting the supply curve upwards by $10. With this tax, the new equilibrium price will be $190, the quantity supplied will be 180 units, and the quantity demanded will be 220 units.

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______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???

Answers

Answer : Monopolistic competition

Answer:

Monopolistic Competition

Explanation:

In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.

What should be included in all career objectives? interest in new challenges, relevant skills, technological expertise interest in a specific position, relevant skills, benefit to employer interest in a specific field, relevant skills, salary expectations interest in new knowledge, relevant skills, salary expectations

Answers

Answer:

B. interest in a specific position, relevant skills, benefit to employer.

Explanation:

Career objectives can be defined as an optional part of a curriculum vitae (resume) used by job applicants to give a brief description about their interest in a specific position, relevant skills, experience and potential benefits to an employer.

In order to increase your chances of being invited for a job interview, it is advisable that you include a clear career objective in your resume so as to make it compelling and convincing to hiring managers.

As a job applicant, what you should include in all career objectives is an interest in a specific position, relevant skills, and benefit to employer because it is one of the sections to be noticed first.

Generally, career objectives should be limited to a maximum of two or three lines of text or sentences and typed at the top of a resume, just below your contact information and name so as to quickly catch an employer's attention.

Sue discovers that by rearranging the design of components in a product, she is able to reduce the product housing by 20%, which saves the company money on materials, packaging, and shipping. Her redesign strategy is an example of

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Sue's redesign strategy is an example of value engineering, which is a systematic approach to identify and eliminate unnecessary costs and improve the value of a product or service without sacrificing quality or functionality.

Redesign strategy refers to the process of rethinking and modifying an existing design to improve its performance, aesthetics, functionality, or other aspects that may be deemed suboptimal or outdated. A redesign strategy involves a comprehensive evaluation of the current design, identifying its strengths and weaknesses, and determining areas where improvements can be made.

The goal of a redesign strategy is to enhance the design to better meet the needs and expectations of its intended audience, whether it be a product, service, or digital platform. This may involve rebranding, updating the user interface, improving accessibility, or integrating new technologies.

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when a central authority assumes an information-gathering role and sets minimum standards in industries such as education and medicine, it is employing a

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When a central authority assumes an information-gathering role and sets minimum standards in industries such as education and medicine, it is employing a regulatory framework. This framework is aimed at ensuring consistency, quality, and accountability within these industries.

In the field of education, a central authority, typically a government agency or ministry, establishes standards that educational institutions must adhere to. These standards cover various aspects such as curriculum, teacher qualifications, facilities, and student assessment methods. By setting minimum standards, the central authority ensures that education is provided in a structured and standardized manner, promoting equal opportunities and quality education for all.

Similarly, in the field of medicine, a central authority, often a professional regulatory body, sets minimum standards to ensure patient safety, ethical practice, and competence of healthcare professionals. These standards include licensing requirements, continuing education, ethical guidelines, and professional conduct. By regulating the practice of medicine, the central authority protects public health and maintains the integrity of the healthcare system.

The information-gathering role of a central authority in these industries involves collecting and analyzing data on various aspects such as student performance, teacher qualifications, healthcare outcomes, and patient safety. This data helps the central authority identify areas of improvement, monitor compliance with standards, and make informed decisions regarding policy and resource allocation.

Overall, when a central authority assumes an information-gathering role and sets minimum standards in industries like education and medicine, it ensures consistency, quality, and accountability, promoting the well-being and development of individuals and society as a whole.

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MetLife was able to dramatically expand its global footprint by acquiring Alico, a global player in the insurance business, from AIG in 2010 when AIG was in financial distress. This shows that not all diversification moves erode performance.

a) true

b) false

Answers

Answer:

True

Explanation:

It is true that not all diversification erodes performance. That is it is not all diversification moves that reduces performance or destroys it. Sometimes diversification could lead to greater risks or greater costs of investment. By diversifying and acquiring Alico metlife was able to increase and expand globally

if the government determines whether you get an apartment, you are most likely living in a [1] economy. In a [2] society, the government controls the resources. In a [3] society, the community in theory is supposed to control the resources, but in reality, the [4] does.
[1]- a. command
b. market
c. traditional
[2]- a. capitalist
b. communist
c. socialist
[3]- a. capitalist
b. communist
c. socialist
[4]- a. government
b. individual
c. market

Answers

Answer:

1.  a. Command

2. c. Socialist

3. b. Communist

4. a. Government

Explanation:

"If the government determines whether you get an apartment, you are most likely living in a Command economy. In a Socialist economy, the government controls the resources. In a Communist society, the community, in theory, is supposed to control the resources, but in reality, the Government does."

1. A command economy is a type of economy where the government determines what is produced when it is produced, the quantity, as well as the price at which commodities are produced. The government also determines other activities in the economy such as the assignment of living spaces as well as the investments in the economy.

2. A socialist economy is an economy where goods are produced for consumption and are distributed to ensure equity by a centrally placed authority, which is the government.

3. A communist society according to Karl Marx is a classless society where all the resources belong to the entire community and properties are not owned by private individuals. In reality, though, the government actually controls the resources in this type of society. China is a country that practices communism.

TRUE OR FALSE the outcome of action planning often takes the form of a career development plan.

Answers

The given statement "the outcome of action planning often takes the form of a career development plan." is True.

Action planning is a process where you identify the steps and resources needed to achieve a specific goal. In the context of career development, these goals typically relate to professional growth, skill enhancement, and advancement in your chosen field. By creating an action plan, you can outline the necessary steps to reach your desired career outcome.

A career development plan is a document that outlines your career goals, the necessary steps to achieve those goals, and the resources you need along the way. It serves as a roadmap to guide you through your professional journey.

In summary, action planning helps you identify the steps and resources needed to achieve your career goals, and the outcome of this process often results in the creation of a career development plan.

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Leslie tunes musical instruments. Leslie tuned a guitar with 666 strings today. Then she tuned a piano with 373737 times as many strings. How many strings did the piano have? Choose 1 answer: Choose 1 answer: (Choice A) A The piano has 422422422 strings, because 37 \times 6=42237×6=42237, times, 6, equals, 422. (Choice B) B The piano has 222222222 strings, because 37 \times 6=22237×6=22237, times, 6, equals, 222. (Choice C) C The piano has 666 strings, because 37 \div 6=637÷6=637, divided by, 6, equals, 6 remainder 111.

Answers

Answer:

there is something wrong with the question since a guitar has 6 strings, so I believe that the numbers were copied three times.

Assuming that Leslie tuned a 6 string guitar and she also tuned a piano that has 37 times as  many strings, then the piano has 37 x 6 = 222 strings.

Option B is correct: the piano has 222 strings, because 37 times 6 = 222

Answer:

It's actualy 222

Explanation:

Leslie tunes musical instruments. Leslie tuned a guitar with 666 strings today. Then she tuned a piano

Sites like Kickstarter, GoFundMe, and Causes are all examples of what type of altruism?
Group of answer choices

Crowdfunding

Private foundations

Service Learning

Community Service

Answers

Crowdfunding would be the correct answer

A course that costs $500 will allow you to get a job that pays $2 more per hour than your current job. How many hours will you need to work at the new job before your investment in education has "paid off"?

Answers

Answer:

250 hours.

Explanation:

Cost of course : $500

The extra income from the course is $2 per hour

to pay off the cost of the course requires earning $500 by working at a rate $2 per hour.

Number of hours required = $500/2

=250 hours.

Which of the following conclusions is compatible with this graph?
o
A. The United States has an oversupply of petroleum
B. The United States has a scarcity of petroleum
C. The United States exports more oil today than it did in the past.
D. The United States imports more oil today than it did in the past

Which of the following conclusions is compatible with this graph?oA. The United States has an oversupply

Answers

Answer:

I hope this helps

Explanation:

The answer is A

The conclusion that is compatible with this graph is that the United States has an oversupply of petroleum. The correct option is a.

What is a graph?

A graph is a structure amounting to a set of objects in which some pairs of the objects are in some sense related. The objects correspond to mathematical abstractions called vertices and each of the related pairs of vertices is called an edge. Typically, a graph is depicted in diagrammatic form as a set of dots or circles for the vertices, joined by lines or curves for the edges. Graphs are one of the objects of study in discrete mathematics.

The edges may be directed or undirected. For example, if the vertices represent people at a party, and there is an edge between two people if they shake hands, then this graph is undirected because any person A can shake hands with a person B only if B also shakes hands with A.

In contrast, if an edge from a person A to a person B means that A owes money to B, then this graph is directed, because owing money is not necessarily reciprocated.

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Lloyd thinks he has purchased an investment property, but the seller refuses to deliver the title to him. lloyd has met all of his obligations per the written contract that he and the seller signed. he decides to take the seller to court in an effort to force her to hand over the title. of what is this an example

Answers

Looking at the above case, it is correct to say that by taking the seller to court to force her to surrender the bond, Lloyd is suing for specific performance.

What is specific execution?

Corresponds to a resource that the courts use to compensate a party through a specific resource, such as the conclusion of an act provided for by contract.

Therefore, this is an equitable legal recourse of contract law, which obliges a party to perform contractual obligations set out in advance.

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What are four important factors to remember before making a career decision?

Answers

Answer:

To make a career decision you need to focus on four really important things.

1. You should know what interests you and what do you want to keep on pursuing in the future.

2. Evaluate your skills that are you even capable of doing that work that interests you or are you suitable for some other work.

3. Work attitudes, meaning that do you really have the attitude for the work?

4. Training and Education, this means that are you qualified enough for that specific work.

Explanation:hope it helps

Which economic system allows for private ownership of property and resources?

Answers

The "Capitalism" is that economic system allows for private ownership of property and resources.

The economic system is the system in which the production, resource, and the distribution of the products or services. The economic system has three types which are command, market and the mixed economic system.

The capitalism is the often the economic system in which for private ownership of property and resources according to their interests, demand and supply freely set the prices in the market or best interest of society.

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I need help I don’t get this

I need help I dont get this

Answers

The friest answer bc she said budget

Answer:

it's C, because when you budget you are trying to save money.

Explanation:

Which of the following countries did not trade with the Phoenicians?
O Babylonia
Japan
O Egypt
Greece

Answers

The correct answer is:

Japan

how important is it for top managers to pay a visit to a market or site before making a final decision?

Answers

Very important. Field tours are typically used to completely analyze any difficulties that remain so that, in the event that a certain market or site is chosen, the conditions of any agreement are clearly understood.

Top management is made up of those who control an organization's resources, authority, and ability to make decisions. They also have control over how the organization changes.

Those in top management are those who "direct and oversee an organization at its highest level." Furthermore, it says that "top management has the ability to provide authority and allocate funds throughout the business."

A top-level manager is an executive-level professional who is in charge of developing and carrying out organizational plans and policies. They serve as the middleman in negotiations between upper- and lower-level managers. These experts could assist in directing an organization's overall course.

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How can discussions,projects,campaigns and events support victims of xenophobia​

Answers

Answer: They can raise awareness

Explanation:

Xenophobic victims have been through a lot of discrimination, hatred, physical abuse in most scenario. What most of them need in most cases are encouragement, opportunities to help them better.

Any project, campaign and event done would also raise awareness to those discriminating against them to understand that there is no need for that, most times some of this programs are for raising the awareness and when these awareness are raised they help the sanity of the environment where this xenophobic activities happen previously.

ryan produces hair clips and earrings. celia also produces hair clips and earrings, but ryan is better at producing both goods. in this case, trade could

Answers

Ryan produces hair clips and earrings. Celia also produces hair clips and earrings, but Ryan is better at producing both goods. in this case, trade could benefit both Celia and Ryan.

What is meant by absolute advantage?

This is the term that is used to refer to the advantage that a person would have over the production of  goods and services. That is the person is able to have more efficiency in the production of a good.

What is meant here is that the individual would have to use less resources in the production of a good or a service. Hence we can say that Ryan produces hair clips and earrings. Celia also produces hair clips and earrings, but Ryan is better at producing both goods. in this case, trade could benefit both Celia and Ryan.

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20 POINTS AND NEED HELP FAST. You are trying to solve a problem with a computer system but cannot figure out what is wrong. You want to demonstrate your ability to collaborate. What should you do? (choose all that apply)

ask the opinions of your boss and coworkers

try alternative suggestions from coworkers

work alone to solve the problem, demonstrating your ability to concentrate

Answers

Select these two answers:

Ask the options of your boss and coworkers
Try alternative suggestions from coworkers.

Answer:

ask the opinion of your boss and co-worker

Explanation:

ask the opinion of your co worker and boss because it show how you can demonstrate communicate with othere people

When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must

Answers

When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.

This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.

To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.

Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.

Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.

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California allows students in Work Experience to work up to a maximum of how many hours per day?

Answers

California allows students in Work Experience to work up to a maximum of Eight hours per day.

Work Experience programs provide students with the opportunity to gain practical, hands-on experience in a professional setting while earning academic credit. These programs aim to enhance students' understanding of the workplace, develop their employability skills, and bridge the gap between classroom learning and real-world application.

The limitation of eight hours per day is in place to prioritize the students' well-being and ensure that their work does not interfere with their academic commitments or jeopardize their health and safety. By setting this maximum limit, California aims to strike a balance between work and education, enabling students to benefit from the experience while still having time for their studies, rest, and personal development. It also aligns with labor laws and regulations that safeguard the rights and welfare of young workers, promoting a healthy work-life balance for students engaged in Work Experience programs.

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In which case are you most likely to get sued if you are behind in paying bills?

Answers

If you are behind in paying bills, you are most likely to get sued in the case of a debt collection lawsuit. This is when a creditor takes legal action against a debtor to recover an unpaid debt, which can result in wage garnishment, bank account levies, and property liens.

There are several things you can do to avoid getting sued for unpaid bills, such as communicating with your creditors, setting up a payment plan, and seeking professional debt counseling if necessary. It's important to take action as soon as you know you won't be able to make a payment, rather than waiting until you're already in default. This will help you avoid negative consequences like damage to your credit score and legal action.

This would require a long-term investment from the American company to establish and sustain the restaurant's operation in Ireland. This type of investment is known as Foreign Direct Investment. Such investment could be through acquisition, merger, joint venture, partnership, or building new facilities in the foreign country. These investments can be long-term and can have an extended period of time to reap the return on investment for the company. In the given scenario, the American company is investing in Ireland by opening and operating a restaurant in the country.

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Explain how apple corporation helped the world to get better by its contribution in different fields of life

Answers

Explanation:

Apple is one of the largest companies in the world, and has contributed positively to the world in different fields of life. It can be said that the company has the highest standards of environmental management that contributes to the reduction of impacts caused by the company to the environment, as well as to the preservation and investments in environmental programs.

It is also correct to say that the company has revolutionized the way people communicate, with the creation of its technological devices that provided greater interaction between people, greater speed with which communication is exercised, helping in business, in the way of living, to buy and interact with the world.

What are the two types of INCOME taxes taken out of your paycheck?

A) State and Federal
B) Social Security and Local

Answers

a but i’m not so sure that’s correct
A) state and federal

In Porter's Five Forces Model , which of the following forces are considered ? a Competitive rivalry , supplier power , buyer power , threat of substitutes , threat of new entry b ) Strengths , weaknesses , opportunities , threats c ) Creative energy , disparate ideas , central idea d ) Political , economic , social , technological , legal , economic

Answers

In Porter's Five Forces Model, the following forces are considered: competitive rivalry, supplier power, buyer power, threat of substitutes, and threat of new entry.

Porter's Five Forces Model is a framework used to analyze the competitive dynamics of an industry. It assesses the various forces that impact a company's profitability and competitiveness. The model consists of five forces:

a) Competitive rivalry: This force refers to the intensity of competition among existing firms in the industry.

b) Supplier power: This force evaluates the bargaining power of suppliers over the industry.

c) Buyer power: This force assesses the bargaining power of buyers or customers in the industry.

d) Threat of substitutes: This force examines the likelihood of customers switching to alternative products or services.

e) Threat of new entry: This force considers the barriers to entry for new competitors in the industry.

Therefore, the correct answer is a) Competitive rivalry, supplier power, buyer power, threat of substitutes, and threat of new entry.

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Recent research by financial economists has found that the reward for beta ______ was less than predicted by the CAPM when they applied the model to the _____ world data

Answers

Recent research by financial economists has found that the reward for beta risk was less than predicted by the Capital Asset Pricing Model (CAPM) when they applied the model to the real-world data.

The CAPM is a widely used model in finance that suggests that the expected return on an asset is proportional to its beta, which measures its sensitivity to market movements. According to the CAPM, higher beta assets should command higher expected returns to compensate investors for the additional risk they bear.

However, empirical studies have shown that the actual returns of stocks with high betas have been lower than what the CAPM would predict. This discrepancy suggests that other factors beyond beta influence stock returns and that the CAPM may not fully capture the complexities of real-world markets. Researchers have identified various factors such as size, value, momentum, and profitability, among others, that can explain the differences in returns and provide a more accurate understanding of asset pricing.

In summary, recent research has found that the reward for beta risk was lower than expected when applying the CAPM to real-world data, indicating the presence of additional factors influencing asset returns.

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use the marketing mix chart or the 4 P's of marketing and explain a current car or musician and write four sentences are more describing each of four p's​

Answers

Answer:

The product is a car, the BMW X1

Explanation:

Product: BMW X1, a sports car that is a compact four door SUV, that can go from 0 to 60 mph in 6 seconds.

Price: the starting price of this model $35,400. It is not a cheap car, but it is one of the cheapest models that BMW has to offer.

Place: the car can be evaluated, and bought through BMW's website, although most customers will obviously prefer to buy it in person, in order to test drive. For this reason,  the car is sold at most BMW dealerships.

Promotion: this is a car for the upper-middle class, so advertisements tend to cater to that specific demographic group.

A work center had planned outputs of 10, 15, 13, and 20 hours with actual outputs of 12, 14, 13, and 18 hours. The cumulative deviation in output is __________.

Answers

The cumulative deviation in output is -1.

Here, we are to calculate the cumulative deviation in output using the planned outputs and actual outputs

Actual (A)   Forecast (B)      Deviation (A-B)

     12                  10                         2

     14                  15                         -1

     13                  13                         0            

     18                 20                        -2

Cumulative deviation                  -1  

Therefore, the cumulative deviation in output is -1.

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