A particular brand of soap has a lead time of three weeks to reorder, a weekly s

Question

A particular brand of soap has a lead time of three weeks to reorder, a weekly standard deviation of ten (10) units and a weekly average usage of thirty (30) units. The reorder point for this soap, assuming a 95% service level (z = 1.65), is (approximately):

The Cowboy Saddle Company manufactures plastic saddles that are used in the assembly process of their Mr. Ed doll. If the run time for producing a batch of saddles is 4 days, the rate of production is uniform at 600 saddles per day, and the uniform usage rate is 150 saddles per day, what is the maximum inventory quantity? (Round to the nearest integer value)

Explanation / Answer

Z=(x-m)/d

-1.65=(x-30)/10

x=13.5

b)

DAY_____________1_______2_______3________4

Production______600______600_____600_____600

Usage__________150______150_____150_____150

Inventory_______450______900_____1350____1800

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