A health food store buys 14-ounce bags of quinoa from a Mexican supplier. The store's daily...
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A health food store buys 14-ounce bags of quinoa from a Mexican supplier. The store's daily demand for quinoa is normally distributed with a mean of 30 bags per day and a standard deviation of 4 bags per day. The lead time varies but is normally distributed and has mean of 15 days and a standard deviation of 3 days. If the health food store wants to provide its customers with an 85% service level, what should the reorder poìnt be? A health food store buys 14-ounce bags of quinoa from a Mexican supplier. The store's daily demand for quinoa is normally distributed with a mean of 30 bags per day and a standard deviation of 4 bags per day. The lead time varies but is normally distributed and has mean of 15 days and a standard deviation of 3 days. If the health food store wants to provide its customers with an 85% service level, what should the reorder poìnt be?
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Z value for 85 service level 1036 Safety stock requirement Z value x Square root Sta... View the full answer
Related Book For
Statistics for Business and Economics
ISBN: 978-0132930192
8th edition
Authors: Paul Newbold, William Carlson, Betty Thorne
Posted Date:
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