Problem #2 - Jasper Inc. has four different air conditioning SKUS: J101, J102, J103 and J104. The following four questions requires you to provide recommendation to their approach for safety stock and reorder point for these SKUS. а. SKU J101 has a demand that is normally distributed during the lead time, with a mean of 500 units and standard deviation of 10. If Jasper cannot have stockouts in more than 5% of the time in any order, how much safety stock should be maintained and at what reorder point? b. Calculate the safety stock and reorder point for SKU J102, assuming that its daily demand is normally distributed with a mean of 25, standard deviation of 5, lead time is 5 days, and must operate at 90% service level.
Problem #2 - Jasper Inc. has four different air conditioning SKUS: J101, J102, J103 and J104. The following four questions requires you to provide recommendation to their approach for safety stock and reorder point for these SKUS. а. SKU J101 has a demand that is normally distributed during the lead time, with a mean of 500 units and standard deviation of 10. If Jasper cannot have stockouts in more than 5% of the time in any order, how much safety stock should be maintained and at what reorder point? b. Calculate the safety stock and reorder point for SKU J102, assuming that its daily demand is normally distributed with a mean of 25, standard deviation of 5, lead time is 5 days, and must operate at 90% service level.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:Problem #2 - Jasper Inc. has four different air conditioning SKUS: J101, J102, J103 and J104. The following four questions
requires you to provide recommendation to their approach for safety stock and reorder point for these SKUS.
SKU J101 has a demand that is normally distributed during the lead time, with a mean of 500 units and
а.
standard deviation of 10. If Jasper cannot have stockouts in more than 5% of the time in any order, how much safety
stock should be maintained and at what reorder point?
b.
Calculate the safety stock and reorder point for SKU J102, assuming that its daily demand is normally
distributed with a mean of 25, standard deviation of 5, lead time is 5 days, and must operate at 90% service level.
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