Given the following information: Expected demand during a lead time = 300 units Standard deviation of demand
Question:
Expected demand during a lead time = 300 units
Standard deviation of demand during a lead time= 30 units
Demand during a lead time is distributed Normally:
a. Determine the safety stock needed to attain a 1 percent risk of stock-out during a lead time.
b. Would a stock-out risk of 2 percent require more or less safety stock than a 1 percent risk? Explain.
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Related Book For 
Operations Management
ISBN: 978-0071091428
4th Canadian edition
Authors: William J Stevenson, Mehran Hojati
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