Question: Given this information: Lead-time demand = 610 pounds Standard deviation of lead time demand = 47 pounds (Assume normality.) Acceptable stockout risk during lead time

Given this information: Lead-time demand = 610 pounds Standard deviation of lead time demand = 47 pounds (Assume normality.) Acceptable stockout risk during lead time = 3 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? (Omit the "%" sign in your response.) Stockout risk __ %

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