What amount of safety stock would be needed

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Reference no: EM132193102

1. The injection moldiing departmetn of a company uses an averago of 30 gallons of special lubricant a day. The supply of the lubricant is replenished when the amount on hand is 170 gallons. It takes four days for an order to be delievered. Safety stock is 50 gallons, which provides a stockout risk of 9 percent. What amount of safety stock would be needed if the acceptable risk of a stockout is 3 percent? Explain clearly by showing all your work.

2. What is the key to achieving a sustainable air transportation system over the next 15 years?

3. A used cars lot has 100 cars in inventory on average. They sell 50 cars per week on average. How many times is inventory turned over per year at this used cars lot (assume a year has 50 weeks)?

100 times

25 times

2 times

50 times

Reference no: EM132193102

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