Question: 3 Given this information: Lead-time demand = 550 pounds Standard deviation of lead time demand = 35 pounds (Assume normality.) Acceptable stockout risk during lead

3 Given this information: Lead-time demand = 550

3 Given this information: Lead-time demand = 550 pounds Standard deviation of lead time demand = 35 pounds (Assume normality.) Acceptable stockout risk during lead time = 1 percent Use Table a. What amount of safety stock is appropriate? (Round your answer to the nearest whole number.) eBook Safety stock units References b. How much of this item should be reordered? (Round your answer to the nearest whole number.) ROP units c. What risk of stockout would result from a decision not to have any safety stock? Stockout risk % .00 .01 .02 ,03 .04 .05 .06 .07 .08 .09 5120 0 1 2 3 4 .5000 .5398 5793 .6179 .6554 5040 .5438 .5832 .6217 .6591 50RO .5478 .5871 .6255 .6628 5517 5910 6293 .6664 5160 5557 5948 .6331 -6700 .5199 .5596 .5987 .6368 .6736 5239 5636 6026 6405 6772 5279 5675 6064 5443 6808 5319 .5714 6103 .6480 .6844 5359 .5753 6141 .6517 .6879 .7054 7399 .5 6 7 9 .6915 7257 7580 7881 .8159 .6950 .7291 .7611 .7910 8186 .6885 .7324 .7642 .7939 .8212 .7019 7357 .7673 .7967 8238 .7088 .7422 .7734 8023 8289 7703 .7995 .7123 .7454 .7764 8051 8315 7157 7486 .7794 8078 8340 .7190 7517 .7823 .8106 8365 .7224 .7549 .7852 8133 8264 8389 8485 8708 10 1.1 1.2 13 1.4 .8413 .8643 .8849 .9032 .9192 8438 8665 8869 .9049 .9207 .8461 E6 .8888 .9066 .9222 8907 8508 8729 8925 .9099 9251 8531 8749 8944 .9115 .9265 8554 8770 8962 .9131 .9279 8577 8790 8980 9147 9292 .8599 .8810 8997 .9162 9306 8621 8830 .9015 .9177 .9319 9082 9236 1.5 1.6 1.7 1.8 1.9 .9332 9452 9554 9641 9713 .9345 .9463 .9564 .9649 9719 .9357 .9474 9573 .9656 9726 9370 9484 9582 9664 9382 9495 9591 9671 9738 .9394 .9505 .9599 .9678 .9744 9406 .9515 9608 9686 9750 9418 9525 9616 9693 9756 9429 .9535 9625 .9699 9761 .9441 .9545 96.33 9706 9767 9732 20 2.1 22 23 24 .9772 .9821 9861 .9893 .9918 .9778 .9826 .9864 .9896 .9920 .9783 .9830 1988 9898 .9922 9788 9834 9871 9901 9925 9793 9838 9875 9904 9927 .9798 .9842 .9878 9803 9848 9881 9909 9931 9808 9850 9884 9911 9932 9812 9854 .9887 .9913 .9934 .9817 .9857 .9890 .9916 .9936 98 .9929 25 26 2.7 28 2.9 .9938 .9953 9965 .9974 .9981 .9940 .9955 .9966 .9975 .9982 9941 .9956 9967 9978 .9982 9943 9957 9968 9977 9983 9945 9959 9969 9977 9984 .9946 .9960 .9970 .9978 .9984 9948 9961 9971 .9979 9985 9949 9962 -9972 9979 9985 .9951 9963 .9973 .9980 .9986 .9952 .9964 .9974 .9981 .9986 3.0 3.1 3.2 3.3 34 9987 .9990 9993 .9995 2007 .9987 .9991 .9993 .9995 SET .9991 9994 .9995 9988 9991 9994 9998 9988 9992 9994 9996 9997 .9989 .9992 .9994 .9996 9997 9989 .9992 .9994 9998 9997 9989 9992 9995 9998 9990 9993 .9995 9996 .9990 .9993 .9995 .9997

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