Given this information: Lead-time demand = 500 pounds Standard deviation of lead time demand = 65 pounds

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Given this information: Lead-time demand = 500 pounds Standard deviation of lead time demand = 65 pounds (Assume normality.) Acceptable stockout risk during lead time = 3 percent Note for a 4% stockout risk, z= 1.75

a. What amount of safety stock is appropriate?

b. When should this item be reordered?

c. What risk of stockout would result from a decision not to have

Related Book For answer-question

Introduction to Law

ISBN: 978-1111311896

6th edition

Authors: Beth Walston Dunham

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Posted Date: Jan 08, 2021 10:43 PM

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Given this information: Lead-time demand = 500 pounds Standard deviation of lead time demand = 65 pounds

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DEMAND 500 STANDARD DEVIATION DURING LEAD TIME 50 SERVICE LEVEL 96 WHICH GIVES A Z VAL... View the full answer

Introduction to Law

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