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Average demand for replacement widgets at LMX is 20 widgets per day with a standard deviation of 4 widgets per day. It takes the company 9 days lead time to receive an order for new widgets. What should reorder point be if they want to have level of service of 98.5% Values for Normal Tables 0 0,01 0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 1.1 1.2 1.3 1.4 1.5 1.6 818 1.7 1.8 1.9 2 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 3 6.08 0 0.06 0.07 0.0239 0.0279 0.0319 0.0675 0.1064 0.1103 0.0398 0.0793 0.1179 0.0714 0.1554 0.1915 0.2257 0.3078 0.3106 0.334 0.3365 0.2852 03133 0.3389 0.3621 0.383 0.02 0.03 0.04 0.05 0.004 0.008 0.012 0.016 0.0199 0.0438 0.0478 0.0517 0.0557 0.0596 0.0636 0.0832 0.0871 0.091 0.0948 0.0987 0.1026 0.1217 0.1255 0.1293 0.1331 0.1368 0.1406 0.1443 0.148 0.1591 0.1628 0.1664 0.17 0.1736 0.1772 0.1808 0.1844 0.195 0.1985 0.2019 0.2054 0.2088 0.2123 0.2157 0219 0.2291 0.2324 0.2357 0.2389 0.2422 0.2454 0.2486 02517 0.258 0.2611 0.2642 0.2673 0.2704 02734 0.2764 02794 0.2823 0.2881 0.291 0.2939 0.2967 0.2995 0.3023 0.3051 0.3159 0.3186 0.3212 0.3238 0.3264 0.3289 0.3315 0.3413 0.3438 0.3461 0.3485 0.3508 0.3531 0.3554 0.3577 0.3599 0.3643 0.3665 0.3686 0.3708 0.3729 0.3749 0.377 0.379 0.381 0.3849 0.3869 0.3888 0.3907 0.3925 0.3944 0.3962 0.398 0.3997 0.4032 0.4049 0.4066 0.4082 0.4099 0.4115 04131 0.4147 0.4162 0.4192 0.4207 0.4222 0.4236 0.4251 0.4265 0.4332 0.4345 0.4357 0.437 0.4382 0.4394 0.4406 0.4418 0.4452 0.4463 0.4474 0.4484 0.4495 0.4505 04515 0.4525 0.4554 0.4564 0.4573 0,4582 0.4591 04599 0.4608 0.4616 0.4641 0.4649 0.4656 0.4664 0.4671 0.4678 0.4686 0.4693 0.4713 0.4719 0.4726 0.4732 0.4738 0.4744 0.4778 0.4772 0.4783 0.4788 0.4793 0.4798 0.4821 0.4826 0.483 0.4834 0.4838 0.4842 0.4846 0.4861 0.4864 0.4868 0.4871 04875 0.4878 0.4881 0.4896 0.4898 0.4893 0.4901 0.4904 0.4906 0.4909 0.492 0.4922 0.4925 0.4927 0.4929 0.494 0.4941 0.4943 0.4945 0.4015 0.4177 0.4279 0.4292 04306 0.4319 0.4429 0.4441 0.4535 0.4545 0.4625 0.4633 0.4918 04931 0.4932 0.4946 0.4948 0.4949 0.4955 0.4956 0.4957 0.4959 0.496 0.4961 0.4962 0.4966 0.4967 0.4968 0.4969 0.497 0.4971 0.4972 0.4975 0.4976 0.4977 0.4982 0.4982 0.4983 0.4987 0.4987 0.4988 0.4938 0.4953 0.4965 0.4974 0.4981 0.4987 0.475 0.4756 0.4803 0.4808 0.4977 0.4984 0.4984 0.4988 0.4989 0.4978 0.4979 0.4985 0.4989 0.4761 0.4812 0.485 0.4854 0.4884 0.4887 0.4911 0.4913 0.4934 0.4951 0.4963 0.4973 0.4979 0.4985 0.4989 0.09 0.0359 0.4699 04706 0.4767 0.498 0.4986 0.499 0.0753 0.1141 0.1517 0.1879 0.2224 0.2549 0.4817 0.4857 0.489 0.4916 0.4936 0.4952 0.4964 0.4974 0.4981 0.4986 0.499 Average demand for replacement widgets at LMX is 20 widgets per day with a standard deviation of 4 widgets per day. It takes the company 9 days lead time to receive an order for new widgets. What should reorder point be if they want to have level of service of 98.5% Values for Normal Tables 0 0,01 0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 1.1 1.2 1.3 1.4 1.5 1.6 818 1.7 1.8 1.9 2 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 3 6.08 0 0.06 0.07 0.0239 0.0279 0.0319 0.0675 0.1064 0.1103 0.0398 0.0793 0.1179 0.0714 0.1554 0.1915 0.2257 0.3078 0.3106 0.334 0.3365 0.2852 03133 0.3389 0.3621 0.383 0.02 0.03 0.04 0.05 0.004 0.008 0.012 0.016 0.0199 0.0438 0.0478 0.0517 0.0557 0.0596 0.0636 0.0832 0.0871 0.091 0.0948 0.0987 0.1026 0.1217 0.1255 0.1293 0.1331 0.1368 0.1406 0.1443 0.148 0.1591 0.1628 0.1664 0.17 0.1736 0.1772 0.1808 0.1844 0.195 0.1985 0.2019 0.2054 0.2088 0.2123 0.2157 0219 0.2291 0.2324 0.2357 0.2389 0.2422 0.2454 0.2486 02517 0.258 0.2611 0.2642 0.2673 0.2704 02734 0.2764 02794 0.2823 0.2881 0.291 0.2939 0.2967 0.2995 0.3023 0.3051 0.3159 0.3186 0.3212 0.3238 0.3264 0.3289 0.3315 0.3413 0.3438 0.3461 0.3485 0.3508 0.3531 0.3554 0.3577 0.3599 0.3643 0.3665 0.3686 0.3708 0.3729 0.3749 0.377 0.379 0.381 0.3849 0.3869 0.3888 0.3907 0.3925 0.3944 0.3962 0.398 0.3997 0.4032 0.4049 0.4066 0.4082 0.4099 0.4115 04131 0.4147 0.4162 0.4192 0.4207 0.4222 0.4236 0.4251 0.4265 0.4332 0.4345 0.4357 0.437 0.4382 0.4394 0.4406 0.4418 0.4452 0.4463 0.4474 0.4484 0.4495 0.4505 04515 0.4525 0.4554 0.4564 0.4573 0,4582 0.4591 04599 0.4608 0.4616 0.4641 0.4649 0.4656 0.4664 0.4671 0.4678 0.4686 0.4693 0.4713 0.4719 0.4726 0.4732 0.4738 0.4744 0.4778 0.4772 0.4783 0.4788 0.4793 0.4798 0.4821 0.4826 0.483 0.4834 0.4838 0.4842 0.4846 0.4861 0.4864 0.4868 0.4871 04875 0.4878 0.4881 0.4896 0.4898 0.4893 0.4901 0.4904 0.4906 0.4909 0.492 0.4922 0.4925 0.4927 0.4929 0.494 0.4941 0.4943 0.4945 0.4015 0.4177 0.4279 0.4292 04306 0.4319 0.4429 0.4441 0.4535 0.4545 0.4625 0.4633 0.4918 04931 0.4932 0.4946 0.4948 0.4949 0.4955 0.4956 0.4957 0.4959 0.496 0.4961 0.4962 0.4966 0.4967 0.4968 0.4969 0.497 0.4971 0.4972 0.4975 0.4976 0.4977 0.4982 0.4982 0.4983 0.4987 0.4987 0.4988 0.4938 0.4953 0.4965 0.4974 0.4981 0.4987 0.475 0.4756 0.4803 0.4808 0.4977 0.4984 0.4984 0.4988 0.4989 0.4978 0.4979 0.4985 0.4989 0.4761 0.4812 0.485 0.4854 0.4884 0.4887 0.4911 0.4913 0.4934 0.4951 0.4963 0.4973 0.4979 0.4985 0.4989 0.09 0.0359 0.4699 04706 0.4767 0.498 0.4986 0.499 0.0753 0.1141 0.1517 0.1879 0.2224 0.2549 0.4817 0.4857 0.489 0.4916 0.4936 0.4952 0.4964 0.4974 0.4981 0.4986 0.499
Expert Answer:
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To calculate the reorder point for the widgets we need to determine the appropriate level of invento... View the full answer
Related Book For
Matching Supply with Demand An Introduction to Operations Management
ISBN: 978-0073525204
3rd edition
Authors: Gerard Cachon, Christian Terwiesch
Posted Date:
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