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

  1. 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=65)? (2 points)

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!