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Author Question: Daily demand for a product is normally distributed with a mean of 200 units and a standard deviation ... (Read 66 times)

ericka1

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Question 1

Daily demand for a product is normally distributed with a mean of 150 units and a standard deviation of 15 units. The firm currently uses a reorder point system, and seeks a 75% service level during the lead time of 6 days.

a. What safety stock is appropriate for the firm?
b. What is the reorder point?

Question 2

Daily demand for a product is normally distributed with a mean of 200 units and a standard deviation of 20 units. The firm currently uses a reorder point system, with a lead time of 4 days.

a. What safety stock provides a 50% service level?
b. What safety stock provides a 90% service level?
c. What safety stock provides a 99% service level?


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Marked as best answer by ericka1 on Dec 3, 2019

reversalruiz

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ericka1

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Reply 2 on: Dec 3, 2019
Wow, this really help


frankwu0507

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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