Essay
Average daily demand for a product is normally distributed with a mean of 20 units and a standard deviation of 3 units. Lead time is fixed at 25 days. What reorder point provides for a service level of 95%?
Correct Answer:
Verified
ROP = D ∙ L + z ∙ σd ...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
ROP = D ∙ L + z ∙ σd ...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Related Questions
Q8: The soft goods department of a large
Q61: A specific product has demand during lead
Q69: _ is the time between placement and
Q100: If demand is not uniform and constant,
Q101: Which of the following would not generally
Q103: The inventory management costs for a certain
Q108: Which of the following is not
Q109: Q is to _ systems as P
Q110: In the basic economic order quantity model
Q123: Define shrinkage. List three or more examples