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A distributor use a Periodic Review Policy and places order every 3 weeks for Galaxy NoteVI, the Lead time is 2 weeks. The Average weekly
A distributor use a Periodic Review Policy and places order every 3 weeks for Galaxy NoteVI, the Lead time is 2 weeks. The Average weekly demand is 44.58; standard deviation of weekly demand is 32.08. The Expected service level is 97%.
a. What would be the appropriate quantity to order?
b. What would be the base-stock level?
c. What would be the expected average inventory level?
d. How should the manager assign space in the warehouse for this? Why?
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