Question

Constructing a distribution of demand during reorder lead time is complicated if the lead time itself is variable. Consider the following distribution for a reorder point inventory system.
a. What is the range of possible demands during the variable lead time? b. Using the Monte Carlo method and random numbers from Appendix B, simu-late 10 demands during lead time that could be used to form a histogram.


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  • CreatedAugust 22, 2015
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