Question
Annual demand for a particular halogen bulb is 4500 at a business that operates 300 days per year. The cost per order $190 and the
Annual demand for a particular halogen bulb is 4500 at a business that operates 300 days per year. The cost per order $190 and the holding cost per unit per year is $3.9. The stockout cost is $40/unit. The lead time is 10 days. The demand during lead time follows a normal distribution with a mean of 150 and a standard deviation of 30. What is the service level if the safety stock is 45? (Compute the standard normal variate to an accuracy of 3 decimal digits) Report as a whole number. What is required reorder point for a service level of 97%? (Compute the standard normal variate to an accuracy of 3 decimal digits) Report as a whole number
I need typed answer
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