Question: Consider a continuous review inventory system. Demand is normally distributed with an average of 3 0 0 0 per month and a monthly standard deviation
Consider a continuous review inventory system. Demand is normally distributed with an average of per month and a monthly standard deviation of units. Lead time is weeks assume four weeks per month
Please round Zvalues and standard deviations to two decimal places.
If the firm desires cycle service level, it should hold units of safety stock round your response to the nearest integer
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
