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Chicago's Hard Rock Hotel distributes a mean of 900 bath towels per day to guests at the pool and in their rooms. This demand is normally distributed with a standard deviation of 100 towels per day, based on occupancy. The laundry firm that has the linen contract requires a 2-day lead time. The hotel expects a 95% service level to satisfy high guest expectations. Refer to the standard normal table for z-values. a) What is the reorder point? b) What is the safety stock? towels (round your response to the nearest whole number). towels (round your response to the nearest whole number).

Chicago's Hard Rock Hotel distributes a mean of 900 bath towels per day to guests at the pool and in their rooms. This demand is normally distributed with a standard deviation of 100 towels per day, based on occupancy. The laundry firm that has the linen contract requires a 2-day lead time. The hotel expects a 95% service level to satisfy high guest expectations. Refer to the standard normal table for z-values. a) What is the reorder point? b) What is the safety stock? towels (round your response to the nearest whole number). towels (round your response to the nearest whole number).

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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**Text Transcription for Educational Use:** Chicago's Hard Rock Hotel distributes a mean of 900 bath towels per day to guests at the pool and in their rooms. This demand is normally distributed with a standard deviation of 100 towels per day, based on occupancy. The laundry firm that has the linen contract requires a 2-day lead time. The hotel expects a 95% service level to satisfy high guest expectations. Refer to the standard normal table for z-values. a) What is the reorder point? _______ towels (round your response to the nearest whole number). b) What is the safety stock? _______ towels (round your response to the nearest whole number). **Standard Normal Table for Z-Values:** The table is presented with two columns: - **Z:** Represents the z-value. - **Pr(Z):** Represents the probability associated with the z-value. Values in the table: | Z | Pr(Z) | |------|-------| | 0.38 | 65 | | 0.50 | 69 | | 0.67 | 75 | | 0.84 | 80 | | 1.04 | 85 | | 1.28 | 90 | | 1.41 | 92 | | 1.56 | 94 | | 1.65 | 95 | | 1.75 | 96 | | 2.06 | 98 | | 2.33 | 99 |
Transcribed Image Text:**Text Transcription for Educational Use:** Chicago's Hard Rock Hotel distributes a mean of 900 bath towels per day to guests at the pool and in their rooms. This demand is normally distributed with a standard deviation of 100 towels per day, based on occupancy. The laundry firm that has the linen contract requires a 2-day lead time. The hotel expects a 95% service level to satisfy high guest expectations. Refer to the standard normal table for z-values. a) What is the reorder point? _______ towels (round your response to the nearest whole number). b) What is the safety stock? _______ towels (round your response to the nearest whole number). **Standard Normal Table for Z-Values:** The table is presented with two columns: - **Z:** Represents the z-value. - **Pr(Z):** Represents the probability associated with the z-value. Values in the table: | Z | Pr(Z) | |------|-------| | 0.38 | 65 | | 0.50 | 69 | | 0.67 | 75 | | 0.84 | 80 | | 1.04 | 85 | | 1.28 | 90 | | 1.41 | 92 | | 1.56 | 94 | | 1.65 | 95 | | 1.75 | 96 | | 2.06 | 98 | | 2.33 | 99 |
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