What are safety stock and reorder point for service level

Assignment Help Operation Management

Reference no: EM131721525

The daily demand of a product is very stable at 250 units per day. However, its delivery lead time varies and can be specified by a normal distribution with a mean lead time of 9 days and standard deviation of 2 days. What are the safety stock and reorder point for a 97.5% service level?

Reference no: EM131721525

Questions Cloud

Sam accounting profit and entrepreneurial profit : a. What were Sam's accounting profit and entrepreneurial profit? b. Explain the difference between accounting profit and entrepreneurial profit?

How do you recognize when your group is caught in escalation : What poses the most danger to teams: groupthink or mismanaged agreement? How do you recognize when your group is caught in the escalation of commitment?

What have you learned from john pollack : Take a moment to reflect on how far you have come and what you will continue to focus on. What have you learned from John Pollack?

Mutual fund that tracks the broad market index : A year ago today, you invested $30,000 in a mutual fund that tracks the broad market index. This fund had a NAV of $24/share

What are safety stock and reorder point for service level : What are the safety stock and reorder point for a 97.5% service level?

Develop a branding strategy for your product : Develop a branding strategy for your product that covers the brand name, logo, slogan, and at least one (1) brand extension.

Describe the growth strategies : Which of the growth strategies discussed in the chapter are the most risky? Which are the least risky? What role should risk play in a company's decision.

Discuss big data into its data management : what recommendation would you give to Nordea Bank about incorporating Big Data into it's data management

What are the safety stock and reorder point : The daily demand of a product can be specified by a normal distribution. What are the safety stock and reorder point for a 95% service level?

User Account

All Pages