Reorder Point Ordering: Average daily demand ( d) is 5 units with a std. dev. (od) of 1 unit. Averagelead time ( LT) is 24 days with a std. dev. (OLT) of 1 day. The inventory manager wants to operatewithin 3 std. deviations (z = 3). Find the reorder point (ROP) and safety stock (S).ROP=141, SS=120ROP=141, SS=21ROP=120, SS=21ROP=21, SS=141

Here given, the avg. daily demand is 5 units with the standard deviation of 1 unit. and, the lead…

Answered: Average daily demand d

Business

Operations Management

Average daily demand d

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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