Course Solutions Uncategorized Q Mart Wants Know Safety Stock Maintained Jumbo Flyer J Flyer S Daily Demand Normally Dist Q34307472

Q Mart Wants Know Safety Stock Maintained Jumbo Flyer J Flyer S Daily Demand Normally Dist Q34307472

June 27, 2024June 27, 2024| adminadmin| 0 Comment| 6:24 pm
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Q-Mart wants to know what safety stock should be maintained forits Jumbo Flyer if J. Flyer’s daily demand is normally distributedwith a mean of 5 and a standard deviation of 3, its lead time is 4days and its service level is 95%? (choose the closest value)

1051520

Expert Answer

Answer:

Given Data,

For the Service level 95%, Z Value = 1.64

Standard Deviation = 3

Lead time = 4 Days

Daily average Demand = 5

Formula for Calculating safety stock is = Z score X StandardDeviation X Square root of Lead Time

So, Safety stock = 1.64 X 3 X Square root of 4 = 9.84 =10

So, Correct Answer

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