Weekly Average Demand 210 Standard deviation of (weekly) demand 30 Setup cost ($) 1000 Lead time (in weeks) 2 Procurement cost ($) 300 Holding cost /unit/week ($) 4 You are given the demand and inventory related information about a grocery store's product in the table. The store is open for 53 weeks in a year. What is the reorder point if it wants to achieve a service level of 98% ? (Do not round your intermediate calculations. Round your final answers to the nearest whole number. Only enter a number. Do not enter any units. posted.)

Weekly Average Demand 210 Standard deviation of (weekly) demand 30 Setup cost ($) 1000 Lead time (in weeks) 2 Procurement cost ($) 300 Holding cost /unit/week ($) 4 You are given the demand and inventory related information about a grocery store's product in the table. The store is open for 53 weeks in a year. What is the reorder point if it wants to achieve a service level of 98% ? (Do not round your intermediate calculations. Round your final answers to the nearest whole number. Only enter a number. Do not enter any units. posted.)

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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