What is your expected inventory

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Reference no: EM132262119

You are the owner of Hotspices.com, an online retailer of spices. Consider your inventory of saffron. You order saffron from an overseas supplier with a shipping lead time of four weeks and you order weekly. Average weekly demand is normally distributed with a mean of 40 ounces and a standard deviation of 30 ounces. Suppose you use an order-up-to level of 368 ounces, what is the in-stock probability? What is your expected inventory?

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Reference no: EM132262119

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