A shoe store stocks a pair of house slippers that sell well throughout the year. The typical order quantity is 150 pairs of slippers. The daily demand is 5 pairs of slippers with a standard deviation of 1.4. The typical lead time is 6 days, and the shoe store targets a 95% service level. What should be the order-up-to-level (S) under the periodic review inventory policy?

Answer rating: 100% (QA)

The demand during the lead time and the desired service level Given information Typical or... View the full answer