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A lab orders a number of chemicals with lead time four weeks. Usage of the chemical is appropriately normal with a mean of 20 ml
A lab orders a number of chemicals with lead time four weeks. Usage of the chemical is appropriately normal with a mean of 20 ml per week and a standard deviation of 5.0 ml. The desired service level for this chemical is 95%. How much chemical should he ordered as safety stock?
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To calculate safety stock you can use the formula SafetyStockLeadTimein...
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Operations Management
Authors: William J Stevenson, Mehran Hojati
4th Canadian edition
978-1259270154, 1259270157, 978-0071091428
