Ken Ells,owner and Operator of Kennels,Inc

question 39

Short Answer

Ken Ells,owner and operator of Kennels,Inc.is concerned that the person in charge of ordering dog food is often incurring an order expediting expense because he is waiting too long (letting the inventory level drop too low)before ordering.
Past data indicates that demand during lead time (when expediting does not occur)is normally distributed with a mean of 340 pounds and a standard deviation of 45 pounds.
Ken wants the probability of running out of dog food to be .03.
a. If the current order point is 400 pounds, what is the resulting service level?
b. If Ken wants a service level of 97% for dog food, what should be the order point?

Acknowledge the variability of emotional expressions across cultures and history.

Explore the concept of cultural scripts and their role in emotional management.

Understand the dynamics of role conflict and role strain in social structures.

Recognize the influence of technology and digital access in shaping social interactions and inequalities.

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Definitions:

Dividends

Payments made by a corporation to its shareholders, usually derived from profits.

Research and Development

The investigative activities a business conducts to improve existing products and procedures or to lead to the development of new products and procedures.

Shareholders

Individuals or entities that own one or more shares of stock in a corporation, having proprietary interests and rights in the corporation.

Software Business

A commercial activity involved in the development, production, and sale of software products or services.