Question
The injection molding department of a company uses an average of 30 gallons of special lubricant a day. The supply of the lubricant is replenished
The injection molding department of a company uses an average of 30 gallons of special lubricant a day. The supply of the lubricant is replenished when the amount on hand is 170 gallons. It takes four days for an order to be delivered. Safety stock is 50 gallons, which provides a stockout risk of 9 percent. What amount of safety stock would provide a stockout risk of 3 percent? Assume normality.
Which of following is the right inventory model to this question?
| Single Period Model | ||
| EOQ Model | ||
| Fixed Interval Model | ||
| ROP Model |
What is the demand standard deviation over lead time (dLT)?
What amount of safety stock would provide a stockout risk of 3 percent?
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Inquiry into Physics
Authors: Vern J. Ostdiek, Donald J. Bord
8th edition
1305959426, 9781337515863 , 978-1305959422
