Question: Consider a manufacturing process for a handheld communication device with an 8 week lead time. The process produces three product variants, which differ in terms
Consider a manufacturing process for a handheld communication device with an week lead time. The process produces three product variants, which differ in terms of how many cameras are in the device. The product variants are named the Uni one camera the Duo two cameras and the Triple three cameras Except for this difference in number of cameras, each product variant is the same. In the current manufacturing process, the customization of the device occurs at the start of production; the first step of the process is to set the number of cameras in the device, and this determines whether the product will be a Uni or a Duo or a Triple.
Each product is made to stock, and the inventory is controlled with a periodic review, base stock policy. The review period is two weeks, demand is assumed to be normally distributed, and the safety factor is z
Determine the safety stocks for each product variant, with the demand parameters given in the above table. Please round to the nearest integer.
A Uni Safety Stock
B Duo Safety Stock
C Triple Safety Stock
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