Question: wholesaler is 1 weeks. Weekly demand is normally distributed, with a mean of 250 units and a standard deviation of 50 units. Ref the for

wholesaler is 1 weeks. Weekly demand is normally

wholesaler is 1 weeks. Weekly demand is normally distributed, with a mean of 250 units and a standard deviation of 50 units. Ref the for z-values. a. What is the average and the standard deviation of demand during the protection interval? The average demand during the protection interval is units. (Enter your response as an integer.) The standard deviation of demand is units. (Enter your response rounded to two decimal places.) b. If the firm desires 92 percent stockout protection, the target inventory level is units. (Enter your response rounded to the nearest whole number.) c. If 425 units were in stock at the time of a periodic review, units should be ordered. (Enter your response rounded to the nearest whole number.)

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 General Management Questions!