subject
Business, 06.05.2020 03:32 leannehounschell

You work for the company Ice Ginger, which manufactures "refreshing" beverages for use in bar mixers. Due to the random nature of demand for mixers (not every weekend is a bar weekend!), your firm has decided that they want to carry safety stock and thus will need to change the reorder point for their inventory. The demand for mixers is normally distributed with an average demand of 1,000 units per day and a standard deviation of 150 units. Because Ice Ginger manufactures their own mixers, the lead-time for mixers is essentially constant at 4 days. (Total 10 points) a. Given the above information, please calculate the reorder point for the manufacture of mixers if the firm Ice Ginger wants an 85% service level. (2 Points) b. Due to customer outrage at the unavailability of mixers, the firm has decided to update their reorder point again. Using the same parameters as above, please calculate the reorder point if Ice Ginger wants a 90% service level. (2 Points) c. Due to continued outrage at the unavailability of mixers (must be a college town), Ice Ginger has decided to YET AGAIN update their reorder point. Using the same parameters as above, please calculate the reorder point if Ice Ginger wants a 95% service level. (2 points) d. Which of the increases in service level (from 85% to 90% or from 90% to 95%) led to a larger increase in the reorder point? Why do you think this is the case? (4 points)

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 10:00
Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. she might want to open a
Answers: 3
question
Business, 22.06.2019 21:00
Which of the following statements is correct? stockholders should generally be happier than bondholders to have managers invest in risky projects with high potential returns as opposed to safe projects with lower expected returns. potential conflicts between stockholders and bondholders are increased if a firm's bonds are convertible into its common stock. takeovers are most likely to be attempted if the target firm’s stock price is above its intrinsic value. one advantage of operating a business as a corporation is that stockholders can deduct their pro rata share of the taxes the firm pays, thereby eliminating the double taxation investors would face in a partnership.
Answers: 1
question
Business, 23.06.2019 01:30
Young owners of a sole proprietorship will likely not find financial support available from?
Answers: 2
question
Business, 23.06.2019 11:00
Which of the following is not a benefit typically offered by employers? a. health insurance b. vacation pay c. retirement plans d. guaranteed raises
Answers: 1
You know the right answer?
You work for the company Ice Ginger, which manufactures "refreshing" beverages for use in bar mixers...
Questions
question
Mathematics, 21.02.2020 04:08
question
English, 21.02.2020 04:08
Questions on the website: 13722363