Assuming no safety stock, what is the reorder point (ROP) given an average weekly (7 days a week) demand of 350 units, a lead time of 10 days, and 300 units on hand?

An item has a lead time of six weeks and an average demand of 150 units per week. The safety stock for the item is 300 units. At what point should the item be before an order is placed.

Athletic Apparel is trying to determine how to manage their stock of t-shirts. For one particular size and color they have an average daily demand of 15 shirts, but it varies by about 5 shirts per day. Their lead time for receiving new t-shirts is 6 days. They are striving for a 94% service level.What should be their safety stock for this particular t-shirt? (Display your answer to two decimal places.)    What should be their reorder point for this particular shirt? (Display your answer to two decimal places.)

Consider a periodic review system with a lead time of two weeks and a review period of seven weeks.  If the average demand per week is 1000 units and 300 units of safety stock are held, what should the target inventory level be?a.1300b.9000c.9300d.7300

How is the re-order level calculated if stock-outs are to be avoided?Question 8Answera.Maximum usage x minimum leadtimeb.Minimum usage x maximum leadtimec.Maximum usage x maximum leadtimed.Minimum usage x minimum leadtime

Question 5: P-Model 6 points Using the fixed-time period inventory model, and given an average daily demand of 171 units with standard deviation 7, 10 days between inventory reviews, 3 days for lead time, 73 units of inventory on hand, a z-score of 1.96, what is the order quantity? Please round up to a whole number.  Locally stored answer:  Question 6: Safety Stock A local service station is open 7 days per week, 365 days per year. Sales of 10W40 grade premium oil average 19 cans per day. Inventory holding costs are $2 per can per year. Ordering costs are $10 per order. Lead time is 2 weeks. Backorders are not practical -- the motorist drives away. Part a: 4 points Based on these data, choose the appropriate inventory model and calculate the economic order quantity. Please round to a whole number.  Locally stored answer:  The boss is concerned about this model because demand really varies. The standard deviation of demand was determined from a data sample to be 6.60 cans per day. The manager wants a 99.5 percent service probability. Determine a new inventory plan based on this information and the data above. Part b: 4 points What is the standard deviation of the demand during the lead time? (Keep two decimals.)  Locally stored answer:  Part c: 4 points What is the z-score of the given service level?  Locally stored answer:  Part d: 4 points What is the safety stock?  Locally stored answer:  Part e: 4 points What is the reorder point?  Locally stored answer:  Question 7: Reorder Point 4 points A key difference between a fixed-order quantity inventory model, where demand is known and one where demand is uncertain, is in computing the reorder point. Please answer 'True' or 'False'.  Locally stored answer:  Question 8: Safety Stock 4 points Safety stock can be defined as the amount of inventory carried in addition to the expected demand. Please answer 'True' or 'False'.  Locally stored answer:  Question 9: P-Model 4 points Fixed-time period inventory models generate order quantities that may vary from time period to time period, depending on the usage rate. Please answer 'True' or 'False'.  Locally stored answer:  Question 10: P-Model 2 4 points In the fixed-time period model it is necessary to determine the inventory currently on hand to calculate the size of the order to place with a vendor. Please answer 'True' or 'False'.  Locally stored answer:  Question 11: Reorder Point 6 points Assuming no safety stock, what is the re-order point (ROP) given an average daily demand of 55 units, a lead time of 3 days and 854 units on hand?  Locally stored answer:  Question 12: Reorder Point 2 6 points A company wants to determine its reorder point (ROP). Demand is variable and they want to build a safety stock into ROP. If the average daily demand is 8, the lead time is 3 days, the desired z-value is 1.96, and the standard deviation of usage during a single day is 2.36, what is the desired value of ROP?  Locally stored answer:  Question 13: Standard Deviation of Demand over Exposure Period 6 points You would like to use the fixed-time period inventory model to compute the desired order quantity for a company. You know that vendor lead time is 8 days and the number of days between reviews is 8. What is the standard deviation of demand over the review and lead time, if the standard deviation of daily demand is 8?  Locally stored answer: