Question: I need help ASAP! Thank you :D 1: : 2: Agrocery has observed that the daily demand for one item is normally distributed with a

I need help ASAP!

Thank you :D

: I need help ASAP! Thank you :D 1: : 2: Agrocery

I need help ASAP! Thank you :D 1: : 2: Agrocery

Agrocery has observed that the daily demand for one item is normally distributed with a mean of 250 units and a standard deviation of 15 units. The lead time is 5 days. The grocery would like to work with a stock-out risk of 22%. What is the required reorder point? Two decimals. What is the safety stock? Two decimals. Consider the previous question. If the grocery would like to keep 35 units as the safety stock, what will be the service level that it provides? Amanager has prepared a forecast of expected aggregate demand for the next six months. Month Forecast 1 80 2 100 3 110 4 5 90 100 120 6 A constant rate of production must be used at the regular time. Regular time costs $20 per unit. Inventory holding cost is $1.5 per unit per month in the ending inventory. Determine the cost of this plan

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