Question: Question 9 (1 point) If daily demand is normally distributed with a mean of 15 and standard deviation of 5, and lead time is constant

Question 9 (1 point) If daily demand is normally distributed with a mean of 15 and standard deviation of 5, and lead time is constant at 7 days, a 98% service level will require how much safety stock? 01) 15 units 2) 20 units 3) 22 units 4) 27 units 5) none of the above O hp

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 Finance Questions!

Question 4 (1 point) A production order quantity problem has daily demand rate = 10 and daily production rate = 50. The production order quantity for this problem is approximately 612 units. The...

it says given: mean 450 units standard deviation=5 confidence level=90% the formula to calculate safety stock is- S=z *STD. Dev. of lead time * avg demand For 90% level zone,Z score is : S= ____ * 5*...

requires you to provide recommendation to their approach for safety stock and render point for these lema2-jasper Inc. has four different airconditioning S1301, 102, 105 and 1304. The following four...

Item SKU A3378 has a demand that is normally distributed during the lead time, with a mean of 400 units and standard deviation of 12. If Hinsdale cannot have stockouts in more than 10% of the time in...

AutoSave Off U 800 Document1 - Word Search (Alt+0) Dhiana Clercira DC File Home Insert Draw Design Layout References Mailings Review View Help Share Comments X == 21T Calibri (Body) 12 - A A Aa to B...

a better picture al gerual vivanboy cet Tahel ordentna not Protem-perin has four conditioning SKU:101, 102, 103 and 104 The following four questions to provide recommendation to their approach for...

5. A computer products store stocks color laser printers, and the daily demand is normally distributed with a mean of 8.9 printers. The lead time to receive an order from the manufacturer is 13 days....

A computer products store stocks color laser printers, and the daily demand is normally distributed with a mean of 8 . 2 printers. The lead time to receive an order from the manufacturer is 1 4 days....

1. Lead time is exactly 20 days long. Daily demand is normally distributed with a mean of 10 gallons per day and a standard deviation of 2 gallons. What is the reorder point quantity for 95% service...

A factory uses the EOQ formula to decide its production batch size, where the ordering/setup cost is directly based on the setup time. Currently, with a setup time of 300 minutes, the optimal batch...

1 (a) Trusted Co has achieved RM3 million annual sales after five years of incorporation. The company, at present has no long-term debt. The management of Trusted Co have discussed the necessity of...

Write a mechanism for the following reactions: a. The noncatalyzed hydrolysis of methyl propionate b. The aminolysis of phenyl formate, using methylamine

esto esta correcto incluyendo cita y referencia El gasto de pensin generalmente se compone de varios elementos, dependiendo del tipo de plan de pensin. Para los planes de beneficios definidos, los...

What are the factors that Impuls - Stiftung company rank as obstacles to the road to Industry 4 . 0 readiness and discuss their mitigating factors?

What position do you seek for your product/service/concept for this public?

What is the competition?

What is the relative priority among the viable goals?