Question: QUESTION 1 Daily demand for an air conditioning spit unit la normally distributed with a mean to and standard deviation of 7. The outside and

QUESTION 1 Daily demand for an air conditioning
QUESTION 1 Daily demand for an air conditioning spit unit la normally distributed with a mean to and standard deviation of 7. The outside and a constant load time of days once the inventory replenishment is ordered by a Fred Order Quarvy Method. The cost of placing the di AED 1000 and we holding costs are AED 100 per unit. There are no stockout costs, and red orders are filled as soon as the order as om les couroverty of the year (a) Compute the following values to satisfy a 90 percent probability of not stocking out during the lead time The order quantity units The reorder paint units units (b) Safety stock to meet the 90% service level requirements Note: Please type in only your final numerical answer in the blanks. QUESTION 2 Daily demand for a breakfast cerealis 10 units with a standard deviation of 3 units. The grocery store stocking the cereal follows a Fixed-Time Period Inventory Method The review period is 30 days, and load time is 14 days Management has set a policy of satisfying 90 percent of demand from toms in shock. At the beginning of this review period, there are 150 units in inventory (a) How many units should be ordered? units (b) What is the safety stock to meet the 90% service level requirements? units Note: Please type in only your final numerical answer in the blanks Save Click Save and submit to save and submit. Click Save All Answers to save all answers. MacBook Pro

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!