Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Daily demand for a product is 85 units with a standard deviation of 11 units. The review period is 9 days, and lead time is
Daily demand for a product is 85 units with a standard deviation of 11 units. The review period is 9 days, and lead time is 4 days. At the time of review, there are 115 units in stock. If 90 percent service probability is desired, how many units should be ordered? (Use Excel's NORMSINV() function to find the correct critical value for the given -level. Do not round intermediate calculations. Round "z" value to 2 decimal places and final answer to the nearest whole number.)
PLZZZ HELP
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