Question: Use the data in the table below to answer the following questions. (6 points) a. Calculate the standard deviation (sigma). (2 points) b. Identify

Use the data in the table below to answer the following questions. (6 points) a. Calculate the standard deviation (sigma). (2 points) b. Identify the safety factor for a service level of 90% and calculate the safety stock. (2 points) c. Calculate the order point if lead time is 10 days. (2 points) Period 1 2 3 4 5 6 7 8 9 10 Forecast Demand 2100 2100 2100 2100 2100 2100 2100 2100 2100 2100 Actual Demand 2150 2175 2200 2175 2150 2125 2100 2075 2050 2025

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SOLUTION To calculate the standard deviation safety factor safety stock and order point we need to first calculate the demand deviations and then use ... View full answer

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