Neds chain of natural food stores sells shelled peanuts by, Ask an Expert

Management Studies

Ned's chain of natural food stores sells shelled peanuts by the pound. Historically, Ned has observed daily demand is normally distributed with a mean of 129 pounds and a standard deviation of 31 pounds. Lead time is 3 days. If Ned can tolerate a 33% probability of stockout, what is the reorder point? (Note: Use two decimal place z-value.) Carrry answer to 4 decimal places.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93104103

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