Question: Question 2 LIMU management (see Question 1) is concerned about running out of stock too often. Lead time for the pumps is 310 days and

Question 2 LIMU management (see Question 1) is

Question 2 LIMU management (see Question 1) is concerned about running out of stock too often. Lead time for the pumps is 310 days and the standard deviation is 40 pumps. Management wants a 95% service probability. a. How many pumps should be carried as safety stock? [5] b. What is the appropriate reorder point? [4] Total 9 Marks

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