Problem $10-31($Algorithmic$)$

Note: Use Appendix B to identify the areas for the standard normal distribution.

a$.$ What is the recommended order quantity? Round your answer to the nearest whole number.

$Q^{+}=$

Record point $=$

Safety stock $=$

$P($ Stock$-ou\frac{t}{c}$ycle $)=$

How many times would you expect a stock$-$out during the year if this reorder point were used? Round your answer to the nearest whole number.

Number of Stock$-$outs$/$year $=$