Question: MGT 3580 practice sheet Name: Reorder point under: a Constant demand and lead time b. Variable demand rate c.Variable lead time d. Variable lead time

MGT 3580 practice sheet Name: Reorder point under: a Constant demand and lead time b. Variable demand rate c.Variable lead time d. Variable lead time and demand (13-10) (13-13) ROP = O(LT) ROP = a1 + 2(04)LT ROP = OLT + z(ould ROP = OT+7, 17o? + Pots (13-14 ROP = Quantity on hand at reorder point d = Demand rate U = Lead time 7 = Average demand rate og = Standard deviation of demand rate z = Standard normal deviation IT = Average lead time Ou = Standard deviation of lead time (13-15 A restaurant uses an average of 50 jars of a special sauce each week. Weekly usage of sau has a standard deviation of 3 jars. The manager is willing to accept no more than a 10 perce risk of stockout during lead time, which is two weeks. Assume the distribution of usage normal. (1) Which of the above formulas is appropriate for this situation? (2) Determine the value of z (3) Determine the ROP

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