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e the re-order point for a service level of 95% (z score

e the re-order point for a service level of 95% (z score

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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calculate the re-order point for a service level of 95% (z score is 1.65). Assume that there are 250 business days in a « < Question 17 of 22 Close Window 3:29 PM 78°F 8/16/2021
Transcribed Image Text:calculate the re-order point for a service level of 95% (z score is 1.65). Assume that there are 250 business days in a « < Question 17 of 22 Close Window 3:29 PM 78°F 8/16/2021
Inventory: *Please note - these are new numbers from the previous problems* If the daily demand follows a normal distribution with a standard deviation of 5 units per day, and the lead time is 9 days, calculate the re-ord year and the annual demand is 1,059 units. (round to a whole number). Moving to another question will save this response. Type here to search
Transcribed Image Text:Inventory: *Please note - these are new numbers from the previous problems* If the daily demand follows a normal distribution with a standard deviation of 5 units per day, and the lead time is 9 days, calculate the re-ord year and the annual demand is 1,059 units. (round to a whole number). Moving to another question will save this response. Type here to search
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