A manager is reordering lubricant when the amount on-hand, Ask an Expert

Management Studies

A manager is reordering lubricant when the amount on-hand reaches 422 pounds. Average daily usage is 45 pounds, which is normally distributed and has standard deviation of three pounds per day. Lead time is nine days. What is the risk of a stock out?

Please include explanation and calculation.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91413654

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