Question
What is the average and maximum stock level to have 97.5% service level? Lead time 3 days Orders are placed at every 5 working days.
What is the average and maximum stock level to have 97.5% service level?
Lead time 3 days
Orders are placed at every 5 working days.
Based on the demand data, the following description statistics were calculated
Annual Demand - 100000 units
Cost per order - $ 20
Holding cost $ 1.1
| Mean | 379.0066225 |
| Standard Error | 36.02203826 |
| Median | 250 |
| Mode | 0 |
| Standard Deviation | 442.6462168 |
| Sample Variance | 195935.6733 |
| Kurtosis | 15.43315277 |
| Skewness | 2.994991136 |
| Range | 3460 |
| Minimum | 0 |
| Maximum | 3460 |
| Sum | 57230 |
| Count | 151 |
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Family Enterprise Understanding Families In Business And Families Of Wealth + Online Assessment Tool
Authors: Family Firm Institute
1st Edition
1118730925,1118730984
