Ned’s Natural Foods sells unshelled peanuts by the pound. Historically, Ned has observed that daily demand is normally distributed with a mean of 80 pounds and a standard deviation of 10 pounds. Lead time also appears normally distributed with a mean of eight days and a standard deviation of one day.
Use Table.
a. What ROP would provide a stockout risk of 10 percent during lead time? (Round your answer to the nearest whole number.)
ROP
units
b. What is the expected number of units (pounds) short per cycle? (Round your answer to 3 decimal places.)
Expected number of units
units
Answers: 2
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Ned’s Natural Foods sells unshelled peanuts by the pound. Historically, Ned has observed that daily...
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