Demand for a product is normally distributed with average daily demand equal to 1500 units...

80.2K

Verified Solution

Question

Accounting

Demand for a product is normally distributed with average daily demand equal to 1500 units and the daily standard deviation of demand equal to 75 units. Lead time for the item is 3 days. To maintain a service level of 95% the company must hold ______ units as safety sock for this item.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students