The daily dem and of surgical instruments in a hospital is normally distributed. The hospital wants to know how much stock it should maintain and when to place an order. Congratulation, you are given an opportunity to get selected as an inventory management specialist, help the hospital to find safety stock and reorder point using the following data: Average daily dem and Standard deviation of daily demand = Average lead time in days) Standard deviation of lead time, OLT = Service level (% of demand met) 16 units 4 units 16 days 4 days 95.00%
(A) 116.74 367.26
(B) 108.51 364.51
(C) 122.34 374.34
(D) 116.82 376.4
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Answer:
The answer is C
Explanation:
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