Question: Use Table 1 4 . 1 . Cyber Chemicals uses Ilquid nitrogen on a regular basis. Average dally demand is normally distributed with a mean
Use Table Cyber Chemicals uses Ilquid nitrogen on a regular basis. Average dally demand is normally distributed with a mean of gallons and a standard devlation of Cyber operates slx days a week and orders from its supplier once each week. The supplier takes one week to dellver Cyber's order.
a Suppose an orderupto level of is used. What its the average order quantity?
b Suppose an orderupto level of is used. What its the expected onhand Inventory?
c Suppose an orderupto level of is used. What its the expected onorder Inventory?
d Suppose an orderupto level of is used. What is its instock probability? Note: Round your answer to decimal places.
e Suppose an orderupto level of is used. What is its stockout probability? Note: Round your answer to decimal places.
f Suppose Cyber Chemicals wants a instock probability. What should Its orderupto level be
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
