Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The demand data that follows was collected for a product using periods of 5 days in length. The lead time for this product is 1

The demand data that follows was collected for a product using periods of 5 days in length. The lead time for this product is 1 weeks. The desired service level is 95%. Calculate the safety stock level (SS) and the reorder point (ROP). Use the MAD to calculate safety stock.
Demand
-------
210
180
166
250
190
174
Question 6 options:
SS =40.5 ROP =313.5
SS =48.0 ROP =243.0
SS =48.0 ROP =321.0
SS =67.2 ROP =340.2
SS =56.8 ROP =329.8

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

Foundations of Operations Management

Authors: Larry P. Ritzman, Lee J. Krajewski, Manoj K. Malhotra, Robert D. Klassen

3rd Canadian Edition

132317532, 978-0133076783, 133076784, 978-0132317535

More Books

Students also viewed these General Management questions