Supplies and variability in demand


Assignment problem:

We also have some supplies where we need to keep safety stock and need to know when we should best reorder - there is variability in both the time it takes to receive the supplies and variability in our demand (both fluctuate in a normally distributed way). We don't want more than a 1% chance of running out-of-stock while replenishing.

What info would we need to give you to tell us what our safety stock should be, and at what stock level we should reorder?

Request for Solution File

Ask an Expert for Answer!!
Other Management: Supplies and variability in demand
Reference No:- TGS03226595

Expected delivery within 24 Hours