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A drugstore uses fixed-order cycles for many of the items it stocks. The m


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A drugstore uses fixed-order cycles for many of the items it stocks. The manager wants a service level of .98. The order interval is 14 days, and lead time is 3 days. Average demand for one item is 64 units per day, and the standard deviation of demand is 5 units per day. Given the on-hand inventory at the reorder time for each order cycle shown in the following table.

Use Table.


 

Cycle On Hand
1 39      
2 8      
3 100      


 

Determine the order quantities for cycles 1, 2, and 3: (Round your answers to the nearest whole number)


 

Cycle           Units
1  
2  
3  


 


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Solution #00070117

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A drugstore uses fixed-order cycles for many of the items it stocks. The m.zip

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This paper was answered on 21-Sep-2019

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