Math Solutions

[Solution] Thomas' Bike Shop stocks a high volume item that has a normally distributed demand during the reorder period. The average daily demand is 70

Question: Thomas' Bike Shop stocks a high volume item that has a normally distributed demand during the reorder period. The average daily demand is 70 units, the lead time is 4 days, and the standard deviation of demand during the reorder period is 15.

  1. How much safety stock provides a 95% service level to Thomas?
  2. What should the reorder point be?

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Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


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