QUESTION
Problem 13-31A drugstore uses fixed-order cycles for many of the items it stocks. The manager wants a service level of .98. The order interval is 13 days, and lead time is 3 days. Average demand for one item is 70 units per day, and the standard deviation of demand is 10 units per day. Given the on-hand inventory at the reorder time for each order cycle shown in the following table.Use Table.CycleOn Hand139 214 3110 Determine the order quantities for cycles 1, 2, and 3: (Round your answers to the nearest whole number)Cycle Units1 2 3
ANSWER:
Place an order in 3 easy steps. Takes less than 5 mins.