How many units should be ordered-number of units ordered

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Daily demand for a product is 80 units with a standard deviation of 16 units. The review period is 8 days, and lead time is 2 days. At the time of review there are 125 units in stock. If 99 percent service probability is desired, how many units should be ordered? (Use Excel's NORMSINV() function to find the correct critical value for the given α-level. Do not round intermediate calculations. Round "z" value to 2 decimal places and final answer to the nearest whole number.)

Number of units ordered

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Reference no: EM132213191

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How many units should be ordered-number of units ordered : At the time of review there are 125 units in stock. If 99 percent service probability is desired, how many units should be ordered?

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