Question: If average lead time is normally distributed with a standard deviation of 0.5 days, what is the safety stock quantity if the company wants to

If average lead time is normally distributed with

If average lead time is normally distributed with a standard deviation of 0.5 days, what is the safety stock quantity if the company wants to maintain a 97% service level? (round to nearest whole) Question 13 What would be the total annual inventory cost for this part using EOQ and including the safety stock determined in the provious problem standard deviation of 0.5 day)? (round to nearest dollar) Question 14 A copy center uses 50 reams of paper per day. Average demand during a 5 day lead time is normally distributed with a standard deviation 7 reams. What reorder point provides a service level of 90% ? (round to nearest whole number)

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