Homework Answers
Answer i:
- 43.69299
Explanation:
- Z value for 90% CI = 1.64
- Weekly demand = D = 54
- Standard deviation per store =S.D. = 13 bottles/week
- Lead time = LT = 4.2 weeks
- Safety stock for each = Z * S.D. * (LT)1/2 = 1.64*13*(4.2)1/2= 43.69299
Answer ii:
- 155.1839
Explanation:
- Z value for 99% CI = 1.64
- Weekly demand of big box = D*6 = 324
- Standard deviation for big box =S.D. * (6)^0.5 = 31.843366bottles/week
- Lead time = LT = 4.2 weeks
- Safety stock for each = Z * S.D. * (LT)1/2 = 1.64*13*(4.2)1/2= 107.0255
- Total safety stock in 6 small stores = 43.6999*6 = 262.1994
- Advantage of big box = 262.1994 -107.0255 = 155.1739
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