Question: Please complete all work in excel. Use excel to make the calculations (cells can be clicked on to view any formulas used) and be sure
Please complete all work in excel. Use excel to make the calculations (cells can be clicked on to view any formulas used) and be sure to identify your answer, including units.
Weekly demand for a particular product averages 90 units, with a standard deviation of 5. This item is managed with a fixed-order-interval model. The order interval is 4 weeks and has a certain lead time of one week. The desired service level is 97 percent. Assume it is now time to place an order, and there are 33 units on hand. How many units should be ordered?
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