Daily Demand for a Product Is Normally Distributed with a Mean

question 97

Essay

Daily demand for a product is normally distributed with a mean of 200 units and a standard deviation of 20 units.The firm currently uses a reorder point system,with a lead time of 4 days.
(a)What safety stock provides a 50% service level?
(b)What safety stock provides a 90% service level?
(c)What safety stock provides a 99% service level?

---

Definitions:

Socially Aware

The ability to understand and respond to the social dynamics, cultures, and norms within a given community or group.

Project Delivery Efficiency

The measure of how effectively and economically a project is completed, maximizing outputs while minimizing costs and resources.

Self-Assertive

Confidently asserting one's views and rights without being aggressively domineering.

Knowledge of the Key Task

Involves understanding the critical or essential tasks necessary for the success of a project, role, or organization.