Annual demand for a particular halogen bulb is 7500 at a business that operates 300 days per year. The cost per order $2
Posted: Sun Jul 03, 2022 3:18 pm
Annual demand for a particular halogen bulbis 7500 at a business that operates 300days per year. The cost per order $210 andthe holding cost per unit per year is $4.2. Thestockout cost is $40/unit. The lead timeis 10 days.The demand during lead time follows a normal distribution with amean of 250 and a standard deviationof 30.What is the service level if the safety stockis 50? (Compute the standard normalvariate to an accuracy of 3 decimal digits) What is required reorder point for a service levelof 95%? (Compute the standard normalvariate to an accuracy of 3 decimal digits)