- You have the following data: Month 1 2 3 4 5 6 7 Forecast Dem....

 

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- You have the following data: Month 1 2 3 4 5 6 7 Forecast Dem. 800 800 800 800 800 800 800 Current Dem. 1000 800 1300 1200 750 950 900 89 10 800 800 800 1050 750 1200 11 12 800 800 1000 1100 Order quantity: 300 units . Supply lead time: 2 weeks With this information, answer the following (Value: 20 points): 1) calculate the safety stock for 5 allowed stockouts per year (5 points) 2) calculate the order point for 5 allowed stockouts per year (5 points) 3) calculate the number of allowed stockouts per year, that corresponds to a safety factor of 0.84 (5 points) 4) calculate the order point for the number of allowed stockouts, that corresponds to a safety factor of 0.84 (5 points) - You have the following data: Month 1 2 3 4 5 6 7 Forecast Dem. 800 800 800 800 800 800 800 Current Dem. 1000 800 1300 1200 750 950 900 89 10 800 800 800 1050 750 1200 11 12 800 800 1000 1100 Order quantity: 300 units . Supply lead time: 2 weeks With this information, answer the following (Value: 20 points): 1) calculate the safety stock for 5 allowed stockouts per year (5 points) 2) calculate the order point for 5 allowed stockouts per year (5 points) 3) calculate the number of allowed stockouts per year, that corresponds to a safety factor of 0.84 (5 points) 4) calculate the order point for the number of allowed stockouts, that corresponds to a safety factor of 0.84 (5 points)

Answer rating: 100% (QA)

To solve this problem we need to make the following assumptions 1 The demand follows a normal distribution 2 The lead time is constant at 2 weeks Give... View the full answer