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Given this information:Lead-time demand = 620 pounds; Standard deviation of lead time demand = 80 pounds (Assume normality.); Acceptable stockout...
Given this information:Lead-time demand = 620 pounds; Standard deviation of lead time demand = 80 pounds (Assume normality.); Acceptable stockout risk during lead time = 4 percent; Use Table.
a.What amount of safety stock is appropriate? (Round your answer to the nearest whole number.) = _____ Units
b.When should this item be reordered? (Round your answer to the nearest whole number.) = _____ Units
c.What risk of stockout would result from a decision not to have any safety stock? (Omit the "%" sign in your response.) = _____ %