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Please help with parts A, B and C (c-1 & c-2). ASAP. Thank you. Given this information: Expected demand during lead time =350 units Standard
Please help with parts A, B and C (c-1 & c-2). ASAP. Thank you.
Given this information: Expected demand during lead time =350 units Standard deviation of lead time demand =46 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.) 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.) c-1. Would a stockout risk of 3 percent require more or less safety stock than a 1 percent risk? More Less c-2. Would the ROP be larget, smaller, or unaffected if the acceptable risk were 3 percent instead of 1 percent? Unaffected Smaller Larger Step by Step Solution
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