Illustrate what amount of safety stock is appropriate? when, Ask an Expert

Management Studies

Lead time demand i= 600 kilograms; standard deviation of lead time demand is = 52 kilograms (assume normality); Acceptable stockout risk during lead time = 4%: a) What amount of safety stock is appropriate? b)When should this item be reordered? c) What risk of stockout would result from a decision not to have any safety stock?

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9394633

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