The daily demand for ironcoat paint at the top value, Ask an Expert

Management Studies

The daily demand for Ironcoat paint at the Top Value Hardware Store in North Bay is normally distributed, with a mean of 30 gallons and a standard deviation of 10 gallons. The lead time for receiving an order of paint from the paint distributor is eight days. Since this is the only paint store in North Bay, the manager is interested in maintaining only a 75% service level. What reorder point should be used to meet this service level? The manager subsequently learned that a new paint store would open soon in North Bay, which has prompted her to increase the service level to 95%. What reorder point will maintain this service level?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92589350

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