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the daily demand for a particular item at a hardware store is normally distributed, with an average of 200 and a standard deviation of 12 units. the store manager is willing to accept a 9% risk of stockout during the lead time, which is constant at 5 days. write your final answer only (without intermediate steps) for the fill-in-the-blank questions.

Respuesta :

The shop manager's desired service level is 91%

What is Lead time?

The delay between the start of a procedure and its conclusion is known as a lead time. For instance, the lead time from placing an order and receiving a new automobile from a certain manufacturer might range from 2 weeks to 6 months, based on a variety of specifics.

Lead time is the time of time from the beginning of a procedure to its completion. In the pre-processing, processed, and post-processing stages of the manufacturing, supply chain, and management processes, businesses evaluate lead times. The delay here between start of a procedure andits conclusion is known as a lead time.

The shop manager's desired service level is computed as follows:

R = Stock out risk = 9 %

SL = Service Level = 1 - R

    = 100 - 9

    = 91%

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