A shop owner uses a reorder point approach to restocking a certain raw material Lead time is 10 days Usage of the material is normally distributed with a mean of 80 pounds per day and a daily standard deviation of 8 pounds When should the raw material be reordered if the acceptable risk of a stock...

Answer Heres how to calculate the reorder point ROP for the shop owner Standard Deviation During Lea ...

A shop owner uses a reorder point approach to restocking a certain raw material. Lead time...

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Business Logistics Supply Chain Management

ISBN: 978-0130661845

5th edition

Authors: Ronald H. Ballou

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Posted Date: Apr 23, 2024 07:23 AM

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A shop owner uses a reorder point approach to restocking a certain raw material. Lead time...

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Business Logistics Supply Chain Management

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