Answered step by step
Verified Expert Solution
Question
1 Approved Answer
use the following information for questions #6 - 9. Knights Corporation also needs to determine the proper reorder point and safety stock level. Annual Demand
use the following information for questions #6 - 9. Knights Corporation also needs to determine the proper reorder point and safety stock level. Annual Demand = 12,000 gallons Lead Time = 15 days Standard deviation of lead time = 2 days Standard deviation of demand = 8 gallons Service Level = 96% Open days per year = 360 days Given the above information, what is the reorder point? (Round UP to whole number)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started