Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A repair garage has a demand for oil of 60 gallons per week during the lead time with a standard deviation of 10 gallons per
A repair garage has a demand for oil of 60 gallons per week during the lead time with a standard deviation of 10 gallons per week. The garage supervisor expects oil to be in stock 95.99% of the time. The lead time for oil is 1 week. Assume demand varies and lead time is constant with normal distribution. What is the reorder point for the oil? Select the closest answer. 60 gallons 40 gallons 70 gallons 85 gallons
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