Question: A store in St. John's is open 350 days per year. Daily use of cash register tape is random and the average usage per day
A store in St. John's is open 350 days per year. Daily use of cash register tape is random and the average usage per day is 5 rolls. Usage appears normally distributed with a standard deviation of 4 rolls per day. The fixed cost of ordering tape is $5 per order and carrying costs are $2 per roll a year. The Lead time duration for each order is a constant and it is 6 days.
Question 13 (8 points)
Refer to the information
What ROP will provide a fill rate of 98%?
Question 13 options:
| 35 rolls | |
| 35.096 rolls | |
| 32 rolls | |
| 32.08 rolls |
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