The daily demand of a product is very stable at 250 units per day. However, its delivery

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The daily demand of a product is very stable at 250 units per day. However, its delivery lead time varies and can be specified by a normal distribution with a mean lead time of twelve days and standard deviation of three days. What are the safety stock and reorder point for a 97.5 percent service level?
The daily demand of a product is very stable at no units per day. However, its delivery lead time varies and can be specified by a normal distribution with a mean lead time of twelve days and standard deviation of three days. What are the safety stock and reorder point for a 97.5 percent service level?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Operations Management

ISBN: 978-0078024108

12th edition

Authors: William J Stevenson

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