Question: 3 5 points eBook Problem 12-24 (Static) One Item a computer store sells is supplied by a vendor who handles only that Item. Demand

3 5 points eBook Problem 12-24 (Static) One Item a computer store

  

3 5 points eBook 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 variable, averaging four days with a standard deviation of one day. Assume normality and that seasonality is not a factor. Use Table. a. When should the manager reorder to achieve the desired probability? (Round your Intermediate calculations and final answer to 2 decimal places.) Print References ROP b. Which of the following assumptions would be violated if seasonality were present? Constant lead time O Constant demand O Demand and lead time Independence

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