The injection moulding department of a company uses an average of 30 litres of a special lubricant

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The injection moulding department of a company uses an average of 30 litres of a special lubricant a day. The lubricant is replenisired when the amount on hand is 170 litres. It takes four days for an order to be delivered. The current stock-out risk is 9 percent. What amount of safety' stock would be needed if the acceptable risk of stock-out is to be reduced to 3 percent?
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Operations Management

ISBN: 978-0071091428

4th Canadian edition

Authors: William J Stevenson, Mehran Hojati

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