Question: Ignore the assumptions in ( b ) . Recently, the retailer noticed the supplier became not so reliable. The lead time now is equally likely

Ignore the assumptions in (b). Recently, the retailer noticed the supplier became not so reliable. The lead time now is equally likely to be3,4,5 days. Please find the order quantity and reorder point to satisfy a service level of 95%. What is the average inventory level? (You may first calculate the mean and standard deviation of the lead time.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!