Question: A local store has a customer demand for a product. The daily demand assumed to be normally distributed with an average demand of 25 units

A local store has a customer demand for a product. The daily demand assumed to be normally distributed with an average demand of 25 units with a standard deviation of 5 units. It takes 15 days to receive a new order since the time it is placed and it remains constant. Assuming 80% service level what should be the reorder level? Round-up to the nearest 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!

please solve only if you are sure This historical demand for 4 periods demand is 65, 60, 80, and 70 respectively. What is Mean Absolute Percent Error (MAPE) for the two-period weighted moving average...

Time left 1:42:46 Question 2 Not yet answered Marked out of 1.50 P Flag question A local store has a customer demand for a product. The daily demand assumed to be normally distributed with an average...

A local store has a customer demand for a product. The daily demand assumed to be normally distributed with an average demand of 25 units with a standard deviation of 5 units. It takes 15 days to...

A local store has a customer demand for a product. The daily demand assumed to be normally distributed with an average demand of 25 units with a standard deviation of 5 units. It takes 10 days to...

solve it only if you are sure A local store has a customer demand for a product. The daily demand assumed to be normally distributed with an average demand of 25 units with a standard deviation of 5...

me lert 144245 tion Alocal store has a customer demand for a product. The daily demand assumed to be normally distributed with an average demand of 25 units with a standard deviation of 5 units. It...

P6 STEP BY STEP PLEASE. NEED WITHIN 72 HOURS (BEFORE THURSDAY EVENING, PLEASE) Question 1 Given/Gegee: Z ~ N(0, 1). 1.1 P(- 2.15 2.18) 1.3 P ( Z >1.5 ) 1.4 P...

Q/ROP Model e ePaint Store stocks paint in its warehouse and sells it online on its website. The store cks several brands of paint; however, its biggest seller is Sharman-Wilson Ironcoat nt. Ironcoat...

One of the top-selling SKUs in the container group at the museum's gift shop is a bird feeder. Sales are 18 units per week, and the supplier charges $60 per unit. The cost of placing an order with...

HW #3. Solve the following problems. Show your work. Due 11/1 (Sun). Worth 20 points. (Note: In the exams/quizzes, z-values will be given. But, for homeworks, you need to find z-values for...

Suppose that the average price of a piece of jewelry at Henry's Jewelers is $200, and Mr. Smith wants to spend approximately that much for his wife's birthday gift. Under what circumstances can Mr....

Burnard (1992) sent a questionnaire to a stratified sample of nursing tutors and students in Wales, to study what the tutors and students understood by the term experiential learning. The population...

Makiple thoice. What was the inciting event that led to the Chicape lace Riot of row?

Read the articles on journaling and review the template provided. Identify what approach, to journaling, in the articles you found useful and why. Post to the discussion forum that you have reviewed...