Question: Using the fixed-time period inventory model, and given an average daily demand of 97 units with standard deviation 7 , 6 days between inventory reviews,

Using the fixed-time period inventory model, and given an average daily demand of 97 units with standard deviation 7, 6 days between inventory reviews, 3 days for lead time, 97 units in the inventory position, a z-score of 1.96, what is the order quantity? Please round to a whole number.

In the fixed-order quantity model, assuming no safety stock, what is the reorder point (ROP) given an average daily demand of 73 units, a lead time of 5 days, and 884 units on hand?

A company wants to determine its reorder point (ROP) when using the fixed-order quantity model. Demand is variable and they want to build a safety stock into ROP. If the average daily demand is 8, the lead time is 4 days, the desired z-value is 1.96, and the standard deviation of usage during a single day is 2, what is the desired value of ROP?

You would like to use the fixed-time period inventory model to compute the desired order quantity for a company. You know that vendor lead time is 6 days and the number of days between reviews is 11. What is the standard deviation of demand over the exposure period, if the standard deviation of daily demand is 9? (please round to whole number)

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