The Amount of Time Necessary for Assembly Line Workers to Complete

question 27

Short Answer

The amount of time necessary for assembly line workers to complete a product is a normal variable with a mean of 15 minutes and a standard deviation of 2 minutes.So,15% of the products require more than minutes for assembly.

Calculate optimal ordering quantities to minimize the total inventory cost, including order and holding costs.

Determine the reorder points and safety stock levels to manage stockouts and maintain desired service levels.

Analyze the effects of varying demand and lead time on inventory management and reorder points.

Evaluate the impact of quantity discounts on the total cost and ordering strategies.

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