Question: Question 1 A bottling plant uses approximately 5 , 0 0 0 plastic bottles per day ( normally distributed ) , while daily usage has

Question

1

A bottling plant uses approximately

5, 000

plastic bottles per day

(

normally distributed

),

while daily usage has a standard deviation of

53 .

Order lead time is

4

days

(

constant

) .

What is the average demand during lead time for this item?

Question

2

What is the standard deviation of demand during lead time for this item? Round your answer to the nearest two decimal points. Show all your work. If I use an order point system, what reorder point

(

ROP

)

would result in

\ (\

mathbf

{1 0 0} \)

units of safety stock? What is the predicted service level using that ROP value? What ROP value is needed to provide

\ (\

mathbf

{9 9 \ %} \)

predicted service level? How much safety stock is associated with this policy?

Question 1 A bottling plant uses approximately 5,000 plastic bottles per

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