Question: Please show work on how to do it, I keep trying and not getting any of these answers. Demand for a product is approximately normal,
Please show work on how to do it, I keep trying and not getting any of these answers.
Demand for a product is approximately normal, averaging 8 units per day with a standard deviation of 2 unit per day. Lead time for this product is approximately normal, averaging 10 days with a standard deviation of 3 days.
Question 1: What safety stock level provides a service level of 98.5%? A) 16
B) 54
C) 80
D) 20
Question 2: What reorder point provides a service level of 98.5%?
A) 80
B) 20
C) 134
D) 70
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
