A Bakery Uses an Average of 60 Ounces of Organic

question 116

Short Answer

A bakery uses an average of 60 ounces of organic orange juice daily. Demand is normally distributed with a standard deviation of 15 ounces. The bakery places orders every seven days. The lead time for delivery of the juice is three days.
-Compute the safety stock required to achieve a 98% service level.

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Definitions:

Levels of Conceptualization

The different stages or depths at which ideas, theories, or understandings can be comprehended or developed.

Coerced Course

A path of action that is forced or compelled, often under pressure or without the volition of those involved.

Objective Measure

A quantifiable method used to evaluate performance or progress based on unbiased indicators.

Productivity

Measurement of the efficiency of production, often quantified as the ratio of outputs to inputs in a given time period.