Uses periodic review system for all oil paints

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Reference no: EM132135393

Jan Tuttle is the inventory manager of an art supply store. She uses a periodic review system for all oil paints. The number of periods between orders (P) for red #68 is 15 workdays. (The store operates 50 weeks per year, five workdays per week.) Additional information concerning red #68 follows.

Demand = 20 units/workday

Standard deviation of daily demand = 4 units/workday

Lead-time = 9 workdays

Desired cycle-service level = 90%

What is the target inventory level T for red #68?

Less than or equal to 550 units

Greater than 550 but less than or equal to 600 units

Greater than 600 but less than or equal to 650 units

Greater than 650 units

Reference no: EM132135393

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