Question: 1.) Average demand during protection interval is _____ units 2.) the standard deviation of demand is _____ units Nationwide Auto Parts uses a periodic review

1.) Average demand during protection interval is

1.) Average demand during protection interval is _____ units

2.) the standard deviation of demand is _____ units

Nationwide Auto Parts uses a periodic review inventory control system for one of its stock items. The review interval is 12 weeks, and the lead time for receiving the materials ordered from its wholesaler is 5 weeks. Weekly demand is normally distributed, with a mean of 125 units and a standard deviation of 25 units. Refer to the standard normal table for z-values. a. What is the average and the standard deviation of demand during the protection interval? The average demand during the protection interval is units. (Enter your response as an integer.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!