Question: Average daily demand is normally distributed with mean 150 and variance 256. Also, average lead time has uniform distribution between 0,10) days. Company is requesting

Average daily demand is normally distributed with

Average daily demand is normally distributed with mean 150 and variance 256. Also, average lead time has uniform distribution between 0,10) days. Company is requesting 95% service level in their operations (relevant z valve is 1.65). What should be safety stock level? o 254 01004 0750 O 1500 O none of the above

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!

Use the information to answer the quiz questions. ABC Corporation Selected Financial Statement Information for the Year Ended December 31 (In millions except per share data) Income statement (Period...

Average daily demand is normally distributed with mean 150 and variance 256. Also, average lead time has uniform distribution between (0,10) days. Company is requesting 95% service level in their...

Please give me a step by step explanation. 4. Your daily demand is normally distributed with mean 50 and standard deviation 10. The lead time is equal to 5 days. You are asked to choose the ROP so...

The Subway Sandwich staff on Monroe; NY uses an average of 100 packets of special seasoning every day. This demand is normally distributed with a standard deviation of 10 packets. Since this is an...

1. The Samsung company carries a variety of electronic inventory items. For the LED TV the daily demand is normally distributed with a mean of 125 units, standard deviation of 30 and lead time is 16...

show work and answer all PARTI Daily demand is normally distributed with mean 22 units and standard deviation = 6. Ordering cost is $21.00 per order, carrying cost is $2.50 per unit per year. The...

Find the Economic Order Quantity and reorder point, given Annual demand ( D ) = 1 , 0 0 0 units Average daily demand ( d ) = 1 , 0 0 0 / 3 6 5 Ordering cost ( S ) = $ 5 per order Holding cost ( H ) =...

An online store sells a product for which the daily demand is normally distributed with a mean of 120 units and with a standard deviation of 10 units. We assume the source of supply has a constant...

Lulu hypermarket orders flour bags that are measured in units. The daily demand is normally distributed with a mean of 1000 units, and standard deviation of 100 units. However, the lead time varies,...

1. The mechanism of leaflet closure is somewhat similar to what happens during the shrinking of guard cells and closing of stomata (see the figure below). When in the open position, special cells on...

A fitted linear statistical model equation is y = 12.4 + 5.4 Age + 3.1 Male + 0.4 Height where Age is the age in tens of years, Male is 1 for a male person and 0 for a female person, and Height is...

1 8 Relationd copital refers to releasing technological know - how to partners in an acquistion. Thue or Felse

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...