Question: Using the information in Problem 2 , assume that the company wants at most a 2 % probability of a stockout during any given order
Using the information in Problem assume that the company wants at most a probability of a stockout during any given order cycle. Answer the following questions:
Problem d points What is the Zvalue if the company wants at most a probability of a stockout? Express your answer to decimal places using standard rounding rules.
Z
Problem e points What is the reorder point if the company wants at most a probability of a stockout? Express your answers as a whole number using standard rules.
ROP
units
Problem f points How much of the reorder point in problem e will consist of safety stock? Express your answers as a whole number using standard rules.
Safety Stock
units
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