ScholarMatic: Explanation & Answer
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Given this information: Lead-time demand = 650 pounds Standard
deviation of lead time demand = 60 pounds (Assume normality.)
Acceptable stockout risk during lead time = 4 percent Use
Table.
|
What amount of safety stock is appropriate? (Round your |
| Safety stock | units |
| b. |
When should this item be reordered? (Round your answer |
| ROP | units |
| c. | What risk of stockout would result from a decision not to have any safety stock? (Omit the “%” sign in your response.) |
ScholarMatic: Explanation & Answer
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