(Solved): (i) An Irish carpet company has a fixed leadtime for its products of 10 days. However, demand is var ...

(i) An Irish carpet company has a fixed leadtime for its products of 10 days. However, demand is variable. The company works 340 days per year and its annual demand for a popular brand is 10,200 metres. The standard deviation of daily demand is estimated to be 5 metres per day. The company would like its re-order point to be based on a ( 5 % ) stockout probability. Determine the re-order point (4 marks) Note: Relevant Formulae are available in the Formula Sheet (ii) The following set of seven jobs are to be processed through a two-step operation. Processing times for each work centre are shown in Table 4.2 Tahle 4 2. Proneccino timec hv winrl nentre Determine the optimal sequence for these jobs to be scheduled to minimize the total completion time for these jobs (3 marks)