Answered You can hire a professional tutor to get the answer.
QUESTION
Given this information: Lead-Time demand = 600 pounds Standard deviation of lead time demand = 52 pounds (assume normality) Acceptable stockout risk...
Given this information:Lead-Time demand = 600 poundsStandard deviation of lead time demand = 52 pounds (assume normality)Acceptable stockout risk during lead time = 4 percenta. What amount of safety stock is appropriate?b. When should this item be reordered?c. What risk of stockout would result from a decision not to have any safety stock?
