Determine the safety stock and statistical reorder point

Reference no: EM131821726

Question: Lindner Congress Bookstore sells a unique calculator to college students. The demand for this calculator has a normal distribution with an average daily demand of fifteen units and a standard deviation of four units per day. The lead time for this calculator is very stable at five days. Compute the standard deviation of demand during lead time, and determine the safety stock and statistical reorder point that result in 5 percent stock outs.

Reference no: EM131821726

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