Question: Given this information: Expected demand during lead time = 310 units Standard deviation of lead time demand = 10 units Use Table Determine each of

Given this information: Expected demand during

Given this information: Expected demand during lead time = 310 units Standard deviation of lead time demand = 10 units Use Table Determine each of the following, assuming that lead time demand is distributed normally: a. The ROP that will provide a risk of stockout of 1 percent during lead time. (Round your answer to the near ROP units b. The safety stock needed to attain a 1 percent risk of stockout during lead time. (Do not round intermediat your answer to the nearest whole number.) Safety stock units Given this information: Lead-time demand = 600 pounds Standard deviation of lead time demand = 45 pounds (Assume normality.) Acceptable stockout risk during lead time = 1 percent Use Table a. What amount of safety stock is appropriate? (Round your answer to the nearest whole number.) Safety stock units b. How much of this item should be reordered? (Round your answer to the nearest whole number.) ROP units c. What risk of stockout would result from a decision not to have any safety stock? Stockout risk %

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