Question: Average daily demand for a product is normally distributed with a mean of 40 units and a standard deviation of 5 units. The average lead
Average daily demand for a product is normally distributed with a mean of 40 units and a standard deviation of 5 units. The average lead time is 12 days with a standard deviation of 4 days. What reorder point provides for a service level of 95 percent (Z=1.65)?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
