Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A grocery store has average daily demand of 45 cases of coca-cola a day. They are open 365 days a year. The standard deviation is
A grocery store has average daily demand of 45 cases of coca-cola a day. They are open 365 days a year. The standard deviation is 5 cans per day. Order cost is $10 and holding cost is $0.05. The grocery store would like to maintain a 99% service level (zscore 2.3263). The lead time is 3 days to receive an order. 1. What is the reorder point? 2. How many should be ordered
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started