Question: Given this information: Expected demand during lead time = 355 units Standard deviation of lead time demand = 48 units Use Table. Determine each of
Given this information:
Expected demand during lead time = 355 units
Standard deviation of lead time demand = 48 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 nearest whole number.)
b. The safety stock needed to attain a 1 percent risk of stockout during lead time. (Do not round intermediate calculations. Round your answer to the nearest whole number.)
z .01 .02 .03 .04 .05 .06 .07 .08 .09 -5040 .5438 .5832 6217 6591 5080 5478 .5871 .6255 .6628 5120 5517 .5910 .6293 See .6664 5160 5557 5948 .6331 .6700 .7054 .7389 5199 5596 5987 .6368 .6736 .5239 5636 .6026 .6406 6772 5279 5675 .6064 .6443 .6808 cond 5319 .5714 .6103 6480 6844 5359 .5753 .6141 .6517 .6879 .6179 .6554 .7019 oooo in .6915 7257 .7580 .7881 8159 .6950 7291 .7611 .7910 .8186 .6985 .7324 .7642 .7088 .7422 .7734 8023 .8289 1. 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 20 21 22 23 24 .8413 .8438 8643 8665 .8849 8869 .000 9032 .9049 .91929207 .9332 .9345 .9452 9463 .9554 .9564 .9641 .9649 9713 .9719 9357 9474 9484 .9573 9656 .9726 .9732 .8531 .857 8749 .879 .8944 8980 www 9115 9147 9265 9279 9292 9394 9406 9418 9429 9505 9515 9525 .9535 9599 9609 9616 .9625 9678 9686 9693 .9699 .9744 .9750 9756 .976 .9798 .9842 9878 9906 9929 9931 .9738 9778 .9826 9793 .9838 .9772 .9821 .9861 9893 9918 .9783 .9830 .9868 9898 .9922 99 .9974 .9981 29 9946 .9948 9949 .9951 .9960 .996199629963 .9970 .9971 9972 9973 9975 .9976 .9977 9978 .9979 9979 .9980 998299829983 9984 9984 99859985 .9986 9987 9987 9988 .9989 9989 9990 .9991 .9991 .9992 .9992 .9992999299939993 9993 .9994 9994 9995 9995 .9995 999699969996 .9996 .9997 .9997 .9997 9997 3.0 3.1 3.2 3.3 3.4 9995 9997
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