Question: Given this information: Lead-time demand = 555 pounds Standard deviation of lead time demand = 36 pounds (Assume normality.) Acceptable stockout risk during lead time

Given this information: Lead-time demand = 555

Given this information: Lead-time demand = 555 pounds Standard deviation of lead time demand = 36 pounds (Assume normality.) Acceptable stockout risk during lead time = 2 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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