Answered: Assuming no safety stock, what is the…

Assuming no safety stock, what is the re- order point (R) given an average daily demand of 50 units, a lead time of 10 days and 625 units on hand?

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter2: Accounting For Materials

Section: Chapter Questions

Problem 1E: Order Point Pershing, Inc. expects daily usage of 500 lb of material X, an anticipated lead time of...

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Assuming no safety stock, what is the re-
order point (R) given an average daily
demand of 50 units, a lead time of 10 days
and 625 units on hand?

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What is the re order point given
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A shop owner uses a reorder point approach to restocking a certain raw material. Lead time is six days.Usage of the material during lead time is normally distributed with a mean of 42 pounds and a standarddeviation of 4 pounds. When should the raw material be reordered if the acceptable risk of a stockout is 3%?
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