Question
Given this information: Lead-time demand = 500 pounds Standard deviation of lead time demand = 65 pounds (Assume normality.) Acceptable stockout risk during lead time
Given this information: Lead-time demand = 500 pounds Standard deviation of lead time demand = 65 pounds (Assume normality.) Acceptable stockout risk during lead time = 3 percent Note for a 4% stockout risk, z= 1.75
a. What amount of safety stock is appropriate?
b. When should this item be reordered?
c. What risk of stockout would result from a decision not to have
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DEMAND 500 STANDARD DEVIATION DURING LEAD TIME 50 SERVICE LEVEL 96 WHICH GIVES A Z VAL...
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Introduction to Law
Authors: Beth Walston Dunham
6th edition
978-1111642501, 1111642508, 1111311897, 978-1133707981, 113370798X, 978-1111311896
