Question: please answer the following Re Given this information: Expected demand during lead time = 285 units Standard deviation of lead time demand = 18 units
please answer the following
Re Given this information: Expected demand during lead time = 285 units Standard deviation of lead time demand = 18 units Use Table Determine each of the following, assuming that lead time demand is distributed normally: a. The ROP that will provide a risk of stockout of 1 percent during lead time. (Round your answer to the nearest whole number.) ROP units b. The safety stock needed to attain a 1 percent risk of stockout during lead time (Do not round intermediate calculations. Round your answer to the nearest whole number.) Safety stock units
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
