Question: In a P system, the lead time for a box of weed-killer is two weeks and the review period is one week. Demand during the

 In a P system, the lead time for a box of
weed-killer is two weeks and the review period is one week. Demand

In a P system, the lead time for a box of weed-killer is two weeks and the review period is one week. Demand during the protection interval averages 205 boxes, with a standard deviation of demand during the protection interval of 40 boxes. a. What is the cycle-service level when the target inventory is set at 300 boxes? Refer to the standard normal table as needed. The cycle-service level is \%. (Enter your response rounded to two decimal places.) Osprey Sports stocks everything that a musky fisherman could want in the Great North Woods. A particular musky lure has been very popular with local fishermen as well as those who buy lures on the Internet from Osprey Sports. The cost to place orders with the supplier is $30 /order; the demand averages 5 lures per day, with a standard deviation of 1 lure; and the inventory holding cost is $1.00 /urelyear. The lead time form the supplier is 9 days, with a standard deviation of 2 days. It is important to maintain a 98 percent cycle-service level to properly balance service with inventory holding costs. Osprey Sports is open 350 days a year to allow the owners the opportunity to fish for muskies during the prime season. The owners want to use a continuous review inventory system for this item. Refer to the standard normal table for z-values. a. What order quantity should be used? lures. (Enter your response rounded to the nearest whole number.)

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