Company ABC determines the safety stock for its highly sold product with the help of normal distribution. The company uses the z-value of 1.28 for determining the safety stock required for the product. What is the current service level for the company? a 90% b) 95% c) 98% d) None of the above

Company ABC determines the safety stock for its highly sold product with the help of normal distribution. The company uses the z-value of 1.28 for determining the safety stock required for the product. What is the current service level for the company? a 90% b) 95% c) 98% d) None of the above

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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Concept explainers

Introduction to Business Presentation

A professional presentation of a company's products or practices is known as a business presentation. It is usually done with the help of auditory and graphical presentation tools like analytical data, projections, interactive whiteboards, smartboards, and much more. Intra-organizational and sales presentations are the most common types of business presentations. In general, providers give sales presentations in front of prospective consumers to promote their services, while intra-organizational presentations are given by company officials to their colleagues to propose new procedures or regulations.

Question

Company ABC determines the safety stock for its highly sold product with the help
of normal distribution. The company uses the z-value of 1.28 for determining the
safety stock required for the product. What is the current service level for the
company?
a 90%
b) 95%
c) 98%
d) None of the above

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