What is the ROP? How is it determined?

What is the ROP? How is it determined?

Expert Solution

Colby Messinger answered 2 years ago

If the ROP is greater than the order quantity, explain how the ROP is implemented. Can...

If the ROP is greater than the order quantity, explain how the ROP is implemented. Can the ROP be more than twice the order quantity, and, if so, how is such a situation handled?

For a 90% service level, what is the ROP?

Gainesville Cigar stocks Cuban cigars that have variable lead times because of the difficulty in importing the product: lead time is normally distributed with an average of 6 weeks and a standard deviation of 2 weeks. Demand is also a variable and normally distributed with a mean of 200 cigars per week and a standard deviation of 25 cigars. a) For a 90% service level, what is the ROP? b) What is the ROP for a 95% service level? c) Explain what these...

if the reorder point is greater than the order quantity, explain how the ROP is implemented....

if the reorder point is greater than the order quantity, explain how the ROP is implemented. Can the ROP be more than twice the order quantity? if so, how is such a situation handled?

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What is the ROP? How is it determined?

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