Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Given this information Expected demand during lead time = 365 units Standard deviation of lead time demand = 52 units Use Table Determine each of

image text in transcribed
Given this information Expected demand during lead time = 365 units Standard deviation of lead time demand = 52 units Use Table Determine each of the following, assuming that lead time demand is distributed normally a. The ROP that will provide a risk of stockout of 1 percent during lead time (Round your answer to the nearest whole number.) Answer is complete but not entirely correct. ROP 28 units b. The safety stock needed to attain a 1 percent risk of stockout during lead time. (Do not round Intermediate calculations. Round your answer to the nearest whole number) Answer is complete but not entirely correct. Safety 4863 units stock

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Information Systems

Authors: Marshall B. Romney, Paul J. Steinbart

13th edition

978-0133428537

Students also viewed these Accounting questions