A car dealer in KC specializes in selling cars from a Japanese manufacturer. The manufacturer is launching
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A car dealer in KC specializes in selling cars from a Japanese manufacturer. The manufacturer is launching a new model this year and any order for this model placed by the dealer is fulfilled after a leadtime of 1 month. The dealer forecasts that the monthly demand for this new model will be Normally distributed with a mean of 20 and a standard deviation of 10, and wishes to maintain a service level of 0.75.
What base-stock level should the dealer choose to achieve a service level of 0.75? If your answer is not an integer, provide at least three decimal places, e.g., 7.500.
Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
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