Question: Question 12 (1 point) You are responsible for maintaining an appropriate amount of inventory for Component A, using a P-type inventory control system (periodic review)

Question 12 (1 point) You are responsible for maintaining an appropriate amount of inventory for Component A, using a P-type inventory control system (periodic review) with P=20. Your supplier's lead time is 15 days. Daily demand averages 500, with a standard deviation of 100. How much safety stock will you need if your target customer service level is 95%? (Round to the nearest integer.) You are responsible for maintaining an appropriate amount of inventory for Component A, using a P-type inventory control system (periodic review) with P-20. Your supplier's lead time is 25 days. Daily demand averages 400, with a standard deviation of 150. What should be your target inventory level (T) if your target customer service level is 95%? (Round to the nearest integer.) Your Answer: Entry is area A under the standard normal curve from - to z(A) (A) .00 8 .01 .02 .03 .04 .05 .06 .07 08 .09 .1 2 .3 .4 .S000 5398 5793 .6179 .6554 5040 5438 .5832 .6217 .6591 5080 5478 5871 .6255 .6628 5120 .5517 5910 .6293 -6664 5160 5557 5948 .6331 -6700 .5199 5596 5987 .6368 .6736 5239 5636 6026 .6406 .6772 5279 5675 .6064 16443 .6808 5319 5714 .6103 .6480 .6844 .5359 5753 .6141 .6517 .6879 WNLObona NN 5 .6 -7 -6915 .7257 .7580 -7881 -8159 .6950 .7291 .7611 .7910 .8186 .6985 -7324 .7642 .7939 .8212 .7019 .7357 .7673 .7967 .8238 -7054 .7389 .7704 .7995 8264 .7088 .7422 .7734 .8023 .8289 -7123 -7454 7764 .8051 .8315 -7157 7486 .7794 .8078 -8340 .7190 .7517 7823 .8106 -8365 -7224 .7549 -7852 8133 .8389 9 1.0 1.1 1.2 .8413 .8643 .8849 .9032 .9192 .8438 .8665 .8869 .9049 .9207 .8461 .8686 .8888 .9066 9222 .8485 .8708 .8907 .9082 .9236 .8508 .8729 .8925 .9099 19251 .8531 .8749 .8944 9115 -9265 .8554 .8770 .8962 .9131 9279 8577 .8790 .8980 .9147 .9292 .8599 8810 8997 9162 .9306 8621 -8830 .9015 .9177 9319 1.3 1.4 1.5 1.6 1.7 1.8 1.9 .9332 .9452 .9554 .9641 9713 .9345 .9463 .9564 9649 9719 9357 .9474 9573 .9656 .9726 9370 9484 9582 9664 .9732 .9382 -9495 9591 9671 9738 9394 .950s .9599 -9678 9744 9406 9515 9605 9686 .9750 19418 9525 9616 9693 9756 94429 .9535 9625 .9699 9761 9441 9545 .9633 .9706 .9767 2.0 2.1 2.2 2.3 2.4 .9772 .9821 .9861 .9893 .9918 9778 .9826 .9864 .9896 .9920 9783 .9830 9868 9898 .9922 9788 .9834 9871 .9901 .9925 .9793 983-8 .9875 .9904 9927 .9798 .9842 9878 9906 9929 9803 9846 .9881 -9909 .9931 9808 19850 .9884 .9911 .9932 9812 .9854 .9887 .9913 -9934 .9817 9857 .9890 9916 9936 2.5 2.6 2.7 2.8 2.9 .9938 .9953 9965 9974 .9981 .9940 .9955 .9966 .9975 .9982 .9941 9956 .9967 .9976 .9982 .9943 .9957 9968 9977 .9983 .9945 9959 .9969 .9977 .9984 .9946 9960 .9970 9978 .9984 9948 9961 9971 9979 9985 .9949 .9962 9972 .9979 .9985 9951 9963 -9973 9980 9986 .9952 .9966 -9974 .9981 .9986 3.0 3.1 .9987 .9990 .9993 9995 .9997 .9987 .9991 9993 .9995 9997 3.2 .9982 9991 .9994 9995 .9997 .9988 9991 .9994 9996 9997 9988 .9992 .9994 .9996 .9997 9989 9992 .9994 9996 9997 9989 9992 .9994 9996 9997 9989 .9992 9995 9990 9993 .9995 9990 9993 .9995 9997 .9998 9996 3.3 3.4 9997 9997

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