M 2) A lab orders a number of chemicals from the same supplier every 10 days. The leadtime is six days. The assistant manager of the lab must determine how much of one ofthese chemicals to order. Check of stock reviewed that 5 jars of 30-milliliter (ml) are onhand. Daily usage of the chemical is appropriately normal with a mean of 11.5 ml per dayand a standard deviation of 2.8 ml. The desired service level for this chemical is 95%.a) How many jars of the chemical should he ordered?b) What is the average amount of safety stock of the chemical?

Given data: Order interval (OI)= 10 days On-hand stock (OH) = 5× 30 ml = 150 ml Lead time (LT) = 6…

Answered: 2) A lab orders a number of chemicals…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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