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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 #69 is 15 workdays. (The store operates 50 weeks/year, 5 workdays/week.) Additional information concerning red #69 follows. Demand = 30 units/workday
Standard deviation of daily demand = 4 units/workday Lead time = 7 workdays
Desired cycle- service level = 85%
A normal table is appended to this exam. What is the target inventory level T for red #69?
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Damage to the brain resulting from external mechanical force, such as a blow, jolt, or penetrating injury to the head.
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