Question
Weekly demand for a particular item averages 30 units, with a standard deviation of 4. This item is managed with a periodic review policy. The
Weekly demand for a particular item averages 30 units, with a standard deviation of 4. This item is managed with a periodic review policy. The review period is three weeks, and this item has a certain lead time of 2 days. The desired service level is 99 percent. What is the order-up-to inventory level (target inventory level)? (Round up to the nearest integer.)
| 138 | ||
| 171 | ||
| 116 | ||
| 131 | ||
| 192 |
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
Auditing And Assurance Services
Authors: William Messier, Steven Glover, Douglas Prawitt
8th Edition
0078025435, 9780078025433
