Answered step by step
Verified Expert Solution
Question
1 Approved Answer
YSU store sells university logo hats. Daily demand is 23 hats with a standard deviation of 4 hats per day. Each hat costs $7.85. Ordering
YSU store sells university logo hats. Daily demand is 23 hats with a standard deviation of 4 hats per day. Each hat costs $7.85. Ordering costs are $11. The carrying costs are $2 per year. The store is open 250 days per year. Lead time is 5 days with a standard deviation of 1.6 days. Desired service level is 98%. Use the z-table.pdf to find the corresponding z-value. Calculate the ROP with safety stock
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