Question: Given this information: Expected demand during lead time = 360 units Standard deviation of lead time demand = 50 units Use Table. Determine each of

Given this information:

Expected demand during lead time = 360 units

Standard deviation of lead time demand = 50 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.)

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