The Paint Supply Store franchise sells an average of 52 gallons of Yellow Paint every week (for 52 weeks per year, Standard Deviation of the Demand = 6 gallons). They purchase Yellow Paint from their supplier at a price of $3.00 per gallon. It takes 1.75 weeks to receive an order from the supplier. Administrative costs for Ordering paint have been estimated to be $25 per order. Holding Costs = 30% of the purchase price per gallon per year. How much Safety Stock should the company hold to have a Service Level of 99.0%?

Question

03-05-2021
Business

Answered

Welcome to Westonci.ca, your one-stop destination for finding answers to all your questions. Join our expert community now! Connect with a community of experts ready to provide precise solutions to your questions quickly and accurately. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

The Paint Supply Store franchise sells an average of 52 gallons of Yellow Paint every week (for 52 weeks per year, Standard Deviation of the Demand = 6 gallons). They purchase Yellow Paint from their supplier at a price of $3.00 per gallon. It takes 1.75 weeks to receive an order from the supplier. Administrative costs for Ordering paint have been estimated to be $25 per order. Holding Costs = 30% of the purchase price per gallon per year. How much Safety Stock should the company hold to have a Service Level of 99.0%?

Sagot :

Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.

Which of the following was NOT true of the British position in the American Revolution? (A) The war was unpopular in Great Britain. (B) The hit-and-run tactics

What is the indefinite integral of 6sin(3t) dt?

The border states that remained in the Union were (A) Ohio, Indiana, and Illinois (B) Tennessee (C) Kentucky and Missouri (D) Delaware, Maryland, Kentucky and M

The principle of separate but equal was established by (A) Brown v. Board of Education (B) Wesbery v. Sanders (C) Plessy v. Ferguson (D) Regents of University o

The border states that remained in the Union were (A) Ohio, Indiana, and Illinois (B) Tennessee (C) Kentucky and Missouri (D) Delaware, Maryland, Kentucky and M

Which of the following was NOT true of the British position in the American Revolution? (A) The war was unpopular in Great Britain. (B) The hit-and-run tactics

Since the creation of a social program, the percent of persons 65 years and over with a family income below the poverty level has declined. The percent can be

What area did Jacques Cartier explore?

The principle of separate but equal was established by (A) Brown v. Board of Education (B) Wesbery v. Sanders (C) Plessy v. Ferguson (D) Regents of University o

Shana sells t-shirts. It costs Shana $6.50 to buy each t-shirt. She also pays $150 each month to rent equipment to add print to the t-shirts. Shana sells eac