1 The stationary shop estimates that the average demand for a popular ball-point pen is 12,000 pens per week with astandard deviation of 3,000 pens. The current inventory policy calls for replenishment orders of 156,000 pens. Theaverage lead time from the distributor is 5 weeks, with a standard deviation of 2 weeks. If management wants a 95percent cycle-service level, what should the safety stock be?101,118 pens41,181 pensO 41,118 pens101,110 pens

Let, demand, d = 12000 pens Standard deviation, σd = 3000 pens Lead time, L = 5 WEEKS Standard…

Answered: The stationary shop estimates that the…

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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