Question: QUESTION 4 Consider the case when Sony uses a Periodic Review Policy ( I , S ) . Sony plans to order from its supplier

QUESTION 4
Consider the case when Sony uses a Periodic Review Policy (I, S). Sony plans to order from its supplier once in fourteen business days, corresponding to a Review Period of I =14 business days. The supplier delivers each order in a lead-time of 6 business days. Sony has an expected (average) daily demand of 150 units with a standard deviation (of daily demand) of 30 units. The management team at Sony continues to target a 93% service level. What is the appropriate safety stock (SS)?

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