Tobacco is shipped from north carolina to a cigarette, Ask an Expert

Management Studies

Tobacco is shipped from North Carolina to a cigarette manufacturer in Cambodia once a year. The reorder point, without safety stock, is 200 kilos. The carrying cost is $15 per kilo per year, and the cost of a stock out is $70 per kilo per year. Given the following demand probabilities during the lead time, how much safety stock should be carried?

Demand During Lead Time (Kilos)	Probability
0	0.1
100	0.1
200	0.2
300	0.4
400	0.2

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92169233

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