Question
Give typed full explanation Don't upload any type of photos A company uses 85 circuit boards per day in a manufacturing process. The delivery time
Give typed full explanation
Don't upload any type of photos
A company uses 85 circuit boards per day in a manufacturing process. The delivery time is normal with a mean of six days and a standard deviation of 1.10 days.
a. What is the service level associated to a reorder point of 625 circuit boards.
b. What is the amount of safety stock of this company?
c. Would the ROP be larger, smaller, or unaffected if the acceptable risk were 5%? Explain
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Business Analytics Data Analysis And Decision Making
Authors: S. Christian Albright, Wayne L. Winston
7th Edition
0357109953, 978-0357109953
