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A lab orders a number of chemicals from the same supplier every 30 days. Delivery lead time is five days. The assistant manager of the lab must...
A lab orders a number of chemicals from the same supplier every 30 days.
Delivery lead time is five days. The assistant manager of the lab must determine
how much of one of these chemicals to order. A check of the stock revealed that
eleven 25-milliliter (ml) jars are on hand. Daily usage of the chemical is
approximately normal with a mean of 15.2 ml per day and a standard deviation
of 1.6 ml per day. The desired customer service level is 99%. Given the
preceding information; state the ordering policy for this item. More specifically,
how many jars of the chemical should be ordered and when? (7 points)
