Repeat the simulation in Problem 13-21, assuming that the reorder point is 4 units rather than 2.
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In Problem 13-21, Dumoor Appliance Center sells and services several brands of major appliances. Past sales for a particular model of refrigerator have resulted in the following probability distribution fordemand:
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DEMAND PER WEEK 0 234 Probability 0.20 0.40 0.20 0.15 0.05 The lead time, in weeks, is described by the follow- ing distribution: LEAD TIME WEEKS Probability 0. 15 0.35 0.50
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If the reorder point Problem 1321 is changed to 4 units we have Units Begin Lost Lead re...View the full answer
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Related Book For
Quantitative Analysis for Management
ISBN: 978-0133507331
12th edition
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Ha
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