Fr floyd distributors in problem 29 we were given q 25 d , Ask an Expert

Management Studies

For Floyd Distributors in Problem 29, we were given Q* = 25, D = 200, Ch = $5, and a normal lead-time demand distribution with µ = 12 and σ = 2.5.

a. What is Floyd's reorder point if the firm is willing to tolerate two stockouts during the year?

b. What is Floyd's reorder point if the firm wants to restrict the probability of a stockout on any one cycle to at most 1%?

c. What are the safety stock levels and the annual safety stock costs for the reorder points found in parts (a) and (b)?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91591636

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