Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose that lead - time demand is normally distributed with a mean of 2 5 0 units and a standard deviation of 5 0 units.

Suppose that lead-time demand is normally distributed with a mean of 250 units and a standard deviation of 50 units. If a firm wants to maintain a 95% service level, what should the safety stock?
Group of answer choices
82.5
64.0
332.5
102.5

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Effective small business management An Entrepreneurial Approach

Authors: Norman M. Scarborough

10th Edition

132157462, 978-0132157469

More Books

Students also viewed these General Management questions