Question: . A store has collected the following information on one of its products: Demand = 4 , 5 0 0 units / year Standard deviation
A store has collected the following information on one of its products:
Demand unitsyear
Standard deviation of weekly demand units
Cycleservice level z for
Leadtime weeks
Number of weeks per year weeks
a If a firm uses the continuous review system to control the inventory, what is the average amount of safety stock?
b How many units should he ordered?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
