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The 30 Day Dry-Aged Prime Black Angus Bone-In New York Strip Steak is one of the most delectable dishes at The Wiley Coyote Bar
The 30 Day Dry-Aged Prime Black Angus Bone-In New York Strip Steak is one of the most delectable dishes at The Wiley Coyote Bar and Grill. Due to the cost of this cut of beef, Chef Wiley uses a continuous review inventory control system for this inventory item. The demand per week for this item is 25 pounds and the standard deviation of demand is 5 pounds per week. The lead time for this particular product is 8 weeks. Chef Wiley wants to maintain a 98% service level. Answer each of the three questions below: Do not round your intermediate calculations in answering any of the following: (1) What is the standard deviation of lead time demand for the beef? final answer to four (4) decimal places (e.g., 55.6785). Do not include units. (2) What is the expected demand during lead time? whole number (e.g., 250). Do not include units. Round your Express your answer as a (3) What is the appropriate reorder point for the beef? Round your final answer to four (4) decimal places. Do not include units. Scenario 3 For the demand forecast shown in the table below, how many units (in a level output plan) would have to be produced each month in order to meet demand without backlogs? Answers should be expressed in whole numbers. Month 1 2 3 4 5 Forecast 60 90 100 50 80
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