Question: 1 Gary has recently installed a vending machine outside a local supermarket to sell a new brand of 12-ozcan soda. Gary is currently replenishing the

1 Gary has recently installed a vending machine outside a local supermarket to sell a new brand of 12-ozcan soda. Gary is currently replenishing the vending machine to its full capacity of 1000 cans every Monday morning, i.e., he uses a Base Stock System with review period P=7 days. Based on a recent demand analysis by Gary, the daily demand follows approximately a normal distribution with mean 140 and a standard derivation of 50. n (a) What is the current stockout probability between two consecutive replenishment periods? a (b) Gary is considering a more frequent replenishment policy to improve the cycle-service level to at most 1% stockout probability. To achieve this, what would be the maximum length (in days) of the replenishment periods
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