The time during which safety stock must protect against running out of stock is known as the ____.

Question

Quizplus · Accepted Answer

The protection interval is the time period for which the safety stock is intended to protect against running out of stock. It is the time required for a supplier to replenish the inventory, allowing for any delays in the replenishment of stock. The cycle-service interval is the time required for inventory to complete a cycle from ordering to delivery to the customer. The demand interval is the time period during which a specific quantity of inventory is sold or consumed. The confidence interval is a statistical range that estimates the true value of a population parameter with a level of confidence. The prediction interval is a statistical range that estimates the range of values that a future observation is likely to fall within with a level of confidence.

The Time During Which Safety Stock Must Protect Against Running