a retailer uses fixed time period model with safety stocks. it order a certain product every 14 days when the sales person arrives. the lead time of the product to arrive is 4 days. the average demand per deay is 20 units with standard deviation on daily demand being 6 units.. they have currently 200 units on stock. how many units should be ordered if the instock probability if percent is supposed to be 93?

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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a retailer uses fixed time period model with safety stocks. it order a certain product every 14 days when the sales person arrives. the lead time of the product to arrive is 4 days. the average demand per deay is 20 units with standard deviation on daily demand being 6 units.. they have currently 200 units on stock. how many units should be ordered if the instock probability if percent is supposed to be 93?

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