Course Solutions Uncategorized (Answered) : Exam 2 In help Question 3 (of 30) 3. Daily demand for a product is 50 units, with a standard deviation of 35 units. The review per

(Answered) : Exam 2 In help Question 3 (of 30) 3. Daily demand for a product is 50 units, with a standard deviation of 35 units. The review per

Exam 2 In help Question 3 (of 30) 3. Daily demand for a product is 50 units, with a standard deviation of 35 units. The review period is 5 days and the lead time is 4 days. At the time of review there are 60 units in stock 0 function to find the correct critical nd intermediate calculations. Round “z value to 2 decimal places and final answer to the nearest value for the given a-level. Do not rou whole number.) units Ordered quantity

Expert Answer


Order quantity = Daily demand*(LT+R) + Z*SD*(LT+R)^.5 – inventory stock

LT = Lead time

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