Calculate the safety stock assuming risk level

Assignment Help Operation Management

Reference no: EM132100257

In your role as production planner, you have experienced too many stock outs on one particular item. This item has 282 pints of demand during the lead time and a standard deviation during the lead time of 11.2 pints. Calculate the Safety Stock assuming a 5% risk level. (Keep two decimal places in your answer which should be a percentage)

Reference no: EM132100257

Questions Cloud

Describe in brief the meaning of economic value added : Describe in brief the meaning of Economic Value Added (EVA) and its implications. Explain how a company can enhance its EVA.

In relations to emergency planning and managment : In relations to Emergency Planning and Managment, what have we learned about dealing with hurricanes and other catastrophic disasters? Have we learned anything?

You order in quantities equal to the eoq : What is the total cost of one order if you order in quantities equal to the EOQ?

What will be our average number of boxes : What will be our average number of boxes on hand if we order the EPQ bags in each order?

Calculate the safety stock assuming risk level : In your role as production planner, you have experienced too many stock outs on one particular item. Calculate the Safety Stock assuming a 5% risk level.

In what phase is the current industry life cycle : In what phase is the current industry life cycle?

What is lifestyle marketing : What is “lifestyle marketing?” What international factors have been/are important for True Religion?

The defendant establishes legitimate defense : What happens to the burden of proof if the defendant establishes a legitimate defense?

Big Data and AI Assignment : Big Data and AI Assignment. Describe how you can leverage Big Data and Analytics tools to address ONE of the following areas.

User Account

All Pages