Question: Determine ROP & SS based on LTD & SL Case 1: If empirical LTD distribution information is available LTD Freq. Prob. ROP Ser. L. ovoc

Determine ROP & SS based on LTD & SL Case 1: If

Determine ROP & SS based on LTD & SL Case 1: If empirical LTD distribution information is available LTD Freq. Prob. ROP Ser. L. ovoc Aw Find ROP and SS to achieve SL of 85% and 95% Determine ROP & SS based on LTD & SL Case 2: If only mean and std. of LTD are available Assume LTD is Normally distributed with (m, std) Service level Risk of a stockout Probability of no stockout Quantity Expected demand ROR Safety stock Z z-scale SS = Z(SL)*std, ROP = m + SS, - where z(SL) = z value of desired service level

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