Use Appendix 14A EShack sells an ergonomic keyboard in one of its stores. Average weekly demand for this keyboard follows a Poisson distribution with mean 0.6 unit. It submits orders to the supplier weekly and the supplier delivers with a 1-week lead time. (Round your answer to 1 decimal place.) a. Suppose it uses an order-up-to level of 5. What is its average order quantity? (Round your answer to 1 decimal place.) b. Suppose it uses an order-up-to level of 9. What is its expected on-hand inventory? (Round your answer to 1 decimal place.) c. Suppose it uses an order-up-to level of 6. What is its expected on-order inventory? (Round your answer to 4 decimal places.) d. Suppose it uses an order-up-to level of 7. What is its in-stock probability? (Round your answer to 4 decimal places.) e. Suppose it uses an order-up-to level of 4. What is its stockout probability? 1. Suppose it wants a 1 in-stock probability. What should its order-up-to level be? 100000
Use Appendix 14A EShack sells an ergonomic keyboard in one of its stores. Average weekly demand for this keyboard follows a Poisson distribution with mean 0.6 unit. It submits orders to the supplier weekly and the supplier delivers with a 1-week lead time. (Round your answer to 1 decimal place.) a. Suppose it uses an order-up-to level of 5. What is its average order quantity? (Round your answer to 1 decimal place.) b. Suppose it uses an order-up-to level of 9. What is its expected on-hand inventory? (Round your answer to 1 decimal place.) c. Suppose it uses an order-up-to level of 6. What is its expected on-order inventory? (Round your answer to 4 decimal places.) d. Suppose it uses an order-up-to level of 7. What is its in-stock probability? (Round your answer to 4 decimal places.) e. Suppose it uses an order-up-to level of 4. What is its stockout probability? 1. Suppose it wants a 1 in-stock probability. What should its order-up-to level be? 100000
Purchasing and Supply Chain Management
6th Edition
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Chapter16: Lean Supply Chain Management
Section: Chapter Questions
Problem 10DQ: The chapter presented various approaches for the control of inventory investment. Discuss three...
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