Question: You own a local convenience store. You are using a periodic review system to stock candy at the checkout. Assume: - Candy bars are delivered

You own a local convenience store. You are using
You own a local convenience store. You are using a periodic review system to stock candy at the checkout. Assume: - Candy bars are delivered weekly - Average weekly demand is 140 bars - You have to put in your orders 10 days in advance of delivery (i.e., your reorder period) - Standard deviation during the reorder period is 10 bars. - You desire your service level to be 95% (z=1.65) What should be your restocking level? 157 217 O 151 140 198

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