Consider a Periodic Review System with a Lead Time of 2

question 104

Essay

Consider a periodic review system with a lead time of 2 weeks, a review period of 4 weeks, average weekly demand of 100 units, standard deviation of weekly demand of 20 units, and a desired cycle-service level of 90%. (a) What is the target inventory level? (b) If it is time to review the item and 10 units are on hand, how many units should be ordered?

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