6-53. We are given = 3000. While is not given, it can be found since P(2900 X 3100) =
0.70, which means there is a 30% chance it is outside this range. Note that 2900 is 100 units be-
low the mean and 3100 is 100 units above the mean. We know that P(X 2900) = 30%/2 = 15%
1.04 = 100
= 100/1.04 = 96.15
6-54. Annual demand = D = 8,000; daily production rate = p = 200
a. daily demand = d = 8,000/250 = 32 units
b. number of days of production = 400/200 = 2 days
6-55.
( )
*2 8,000 120
2213.81 units
32
50 1
1200
s
h
DC
Qd
Cp
= = =
−
−
For this optimal value of Q,
Thus, we could save 10,800 – 8,980 = $1,820 per year.