Question: Problem 1 2 - 2 4 ( Static ) One item a computer store sells is supplied by a vendor who handles only that Item.

Problem

12 - 24 (

Static

)

One item a computer store sells is supplied by a vendor who handles only that Item. Demand for that item recently changed, and the store manager must determine when to replenish it

.

The manager wants a probability of at least

96

percent of not having a stockout during lead time. The manager expects demand to average a dozen units a day and have a standard deviation of two units a day. Lead tIme is varlable, averaging four days with a standard deviation of one day. Assume normality and that seasonality is not a factor. Use Table.

.

When should the manager reorder to achleve the desired probability?

(

Round your Intermedlate calculations and final answer to

2

decimal places.

)

ROP

.

Which of the following assumptions would be violated if seasonality were present?

Constant lead time

Demand and lead time Independence

Constant demand

Problem 12-24(Static) One item a computer store sells is supplied by

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