Problem #4 - Hinsdale Company - Modified, from textbook page #205. a. I 400 units and standard deviation of 12. If Hinsdale cannot have stockouts In more than 10% of the time in any order, how much safety stock should be maintained and at what reorder point? Item SKU A3378 has a demand that Is normally distributed during the lead time, with a mean of b. Calculate Hinsdale's safety stock and reorder point for three other SKUS under the following conditions of demand and lead time: SKU F5402: daily demand is normally distributed with a mean of 20, standard deviation of 5, lead time is 5 days, and must operate at a 95% service level. SKU B7319: daily demand is constant at 28 units per day, lead time is normally with a mean of 7 days and standard deviation of 4 days and must operate at a 97% service level. SKU F9004: daily demand is normally distributed with a mean of 22 units and a standard deviation of 5 days. The lead time is also normally distributed with a mean of 6 days, standard deviation of 3 days and a service level of 90% is required. Page 4 of 4 Scanned with CamScanner
Problem #4 - Hinsdale Company - Modified, from textbook page #205. a. I 400 units and standard deviation of 12. If Hinsdale cannot have stockouts In more than 10% of the time in any order, how much safety stock should be maintained and at what reorder point? Item SKU A3378 has a demand that Is normally distributed during the lead time, with a mean of b. Calculate Hinsdale's safety stock and reorder point for three other SKUS under the following conditions of demand and lead time: SKU F5402: daily demand is normally distributed with a mean of 20, standard deviation of 5, lead time is 5 days, and must operate at a 95% service level. SKU B7319: daily demand is constant at 28 units per day, lead time is normally with a mean of 7 days and standard deviation of 4 days and must operate at a 97% service level. SKU F9004: daily demand is normally distributed with a mean of 22 units and a standard deviation of 5 days. The lead time is also normally distributed with a mean of 6 days, standard deviation of 3 days and a service level of 90% is required. Page 4 of 4 Scanned with CamScanner
Purchasing and Supply Chain Management
6th Edition
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Chapter16: Lean Supply Chain Management
Section: Chapter Questions
Problem 10DQ: The chapter presented various approaches for the control of inventory investment. Discuss three...
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