Question: Expected demand during lead time = 3 5 5 units Standard deviation of lead time demand = 4 8 units Determine each of the following,
Expected demand during lead time units
Standard deviation of lead time demand units
Determine each of the following, assuming that lead time demand is distributed normally:
aThe ROP that will provide a risk of stockout of percent during lead time.Round your answer to the nearest whole number.
bThe safety stock needed to attain a percent risk of stockout during lead time.Do not round intermediate calculations. Round your answer to the nearest whole number.
cThe safety stock needed to attain a percent risk of stockout during lead time.Do not round intermediate calculations. Round your answer to the nearest whole number.
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
