Construction supply house determined from historical records

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Suppose the manager of a construction supply house determined from historical records that the lead time demand for sand averages 50 tons. In addition, suppose the manager determined that demand during lead time could be described by a normal distribution that has a mean of 50 tons and a standard deviation of 5 tons. If the manager is willing to accept a service risk of no more than 3 percent:

What value of z is appropriate?

How much safety stock should be held?

What reorder point should be used

Reference no: EM132182874

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