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Problem:

Chicago's Hard Rock Hotel distributes a mean of 1,200 bath towels per day to guests at the pool and in their rooms. This demand is normally distributed with a standard deviation of 95 towels per day. The laundry firm that has the contract requires a 4-day lead time. the hotel expects a 98% service level to satisfy high guest expectations.

Question 1) What is the reorder point?

Question 2) What is the Safety stock?

Please provide the solution and show all the calculations.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91147410

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