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Average lead time (??⎯⎯⎯⎯⎯⎯⎯⎯)(LT¯) is 20 days, with a std. dev.  (???)(σLT) of 6 days. Daily demand (?)(d) is 50 units (constant). Find safety stock (??)(SS) and reorder point (???)(ROP) for ?=2z=2.

Average lead time (??⎯⎯⎯⎯⎯⎯⎯⎯)(LT¯) is 20 days, with a std. dev.  (???)(σLT) of 6 days. Daily demand (?)(d) is 50 units (constant). Find safety stock (??)(SS) and reorder point (???)(ROP) for ?=2z=2.

Practical Management Science
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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Reorder Point Ordering: Average lead time (??⎯⎯⎯⎯⎯⎯⎯⎯)(LT¯) is 20 days, with a std. dev.  (???)(σLT) of 6 days. Daily demand (?)(d) is 50 units (constant). Find safety stock (??)(SS) and reorder point (???)(ROP) for ?=2z=2.

Group of answer choices
SS=80.5 units, ROP=1080.5 units
SS=53.7 units, ROP = 1053.7 units
SS=900 units, ROP=1,900 units
SS=600 units, ROP = 1,000 units
SS=600 units, ROP=1,600 units
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