QUESTION 1 Demand for walnut fudge ice cream at the Sweet Cream Dairy can be approximated by

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QUESTION 1

Demand for walnut fudge ice cream at the Sweet Cream Dairy can be approximated by a normal distribution with a mean of 21 gallons per week and a standard deviation of 3.5 gallons per week. Lead time is two days, and the

dairy is open seven days a week.

If a fixed-interval model with an order interval of 10 days is used, what order size would be needed for a 98 percent service level and a supply of 8 gallons on hand at the order time?( Hint: Work in terms of weeks.)

Posted Date: May 13, 2024 06:07 AM

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QUESTION 1 Demand for walnut fudge ice cream at the Sweet Cream Dairy can be approximated by

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Expert Answer:

To solve this problem we need to calculate the reorder point ROP for a 98 service level The reorder ... View the full answer

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