Essay
Thomas' Bike Shop stocks a high volume item that has a normally distributed demand during lead time.The average daily demand is 70 units,the lead time is 4 days,and the standard deviation of demand during lead time is 15.
(a)How much safety stock provides a 95% service level to Thomas?
(b)What should the reorder point be?
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(a)SS = 1.65 × 15 = ...View Answer
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