Authentic thai rattan chairs are delivered to gary, Ask an Expert

Management Studies

Authentic Thai rattan chairs are delivered to Gary Schwartz's chain of retail stores, called The Kathmandu Shop, once a year. The reorder point, without stock, is 200 chairs. Carrying cost is $40 per unit per year, and cost of a stock out is $70 per chair per year. Given the demand probabilities during the lead time, how much safety should be carried? DEMAND DURING LEAD TIME PROBABILITY

0 0.2

100 0.2

200 0.2

300 0.2

400 0.2

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91349093

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