Thomas' Bike Shop stocks a high volume item that has a normally distributed demand during lead time. The average daily d
Posted: Fri May 20, 2022 9:13 am
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.
1) How much safety stock provides a 95% service level to
Thomas?
2) What should the reorder point be
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.
1) How much safety stock provides a 95% service level to
Thomas?
2) What should the reorder point be