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Please do not use excel and show all work. Thank you! Question 6 (16 points) Lead time demand for a product is normally distributed with
Please do not use excel and show all work. Thank you!
Question 6 (16 points) Lead time demand for a product is normally distributed with mean equal to 42 and standard deviation equal to 12. The provider wishes to have a service level of 92%. Provide the following: 1. The safety stock that should be held 2. The reorder point for the product using the expected value of demand and the calculated safety stock SHOW ALL CALCULATIONS NEATLY on paper or D2L file upload. Table entry for z is the area under the standard Normal curve to the left of z. TABLE A Table entry for z is the area under the standard Normal curve to the left of z. TABLE AStep by Step Solution
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