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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 $4.8. The stockout cost is $30/unit. The lead time is 15 days. The demand during lead time follows a normal distribution with a mean of 225 and a standard deviation of 50. What is the service level if the safety stock is 30? (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 98%? (Compute the standard normal variate to an accuracy of 3 decimal
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