What should be the reorder point

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Reference no: EM132138763

Part A Suppose a gas station has expected sales of 6000 gallons during lead time. Sales are normally distributed with a standard deviation of 400 gallons.

To avoid stockouts with probability P(z < +3.00), what should be the reorder point?

Part B Suppose a gas station has daily sales of 1500. Expected lead time is four days, normally distributed with a standard deviation of one day.

To avoid stockouts with probability P(z < +3.00), what should be the reorder point?

Part CSuppose a gas station has expected daily sales of 1500 gallons, normally distributed with a standard deviation of 400 gallons. Expected lead time is four days, normally distributed with a standard deviation of one day.

To avoid stockouts with probability P(z < +3.00), what should be the reorder point?

Part DSuppose a gas station has daily sales of 1500. Lead time is four days and orders are placed every Monday to arrive on Fridays.

What should the order quantities be if:

Safety stock and on-hand inventory at the time of ordering are zero?

Safety stock is 1000 gallons and on-hand inventory at the time of ordering is 3000 gallons?

Safety stock is 3000 gallons and on-hand inventory at the time of ordering is also 3000 gallons?

Reference no: EM132138763

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