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A hardware store counts the packages of screws, bolts and nails every Monday morning and then places an order to replenish its supply. The service
A hardware store counts the packages of screws, bolts and nails every Monday morning and then places an order to replenish its supply. The service level for the store is Determine the order size for each item given the table below. Item Average Daily Demand Standard Deviation Quantity on Hand Lead Time days Screws Bolts Nails I had trouble finding information on how to do this one from the class notes so I had to do some outside research and this is what I was able to find Item Average Daily Demand Standard Deviation Quantity on Hand Lead Time days Protection period StDev during PP Safety stock Desired inventory Screws Bolts Nails Stan dev during PP Stan dev during PP Stan dev during PP Z SS SD during PP DI DI DI Order size: Desired inventory quantity on hand QScrews QBolts QNails
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