Question: 5 - 1 2 . The lead time is the period between the placement of an order and its receipt. Using historical records, a manufacturing
The lead time is the period between the placement of an order and its receipt. Using historical records, a manufacturing firm has developed the following probability distribution for its lead time in weeks from a key supplier:
A Calculate the expected average lead time for the component.
B Calculate the variance and standard deviation for the delivery lead time.
C Compute the coefficient of variation for the delivery lead time.
D How might the manufacturer use this information in its decision making?
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