ABC Company imports sport cars and redistributes them in the Vietnam's market. Monthly demand for the...
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ABC Company imports sport cars and redistributes them in the Vietnam's market. Monthly demand for the cars is normally distributed, with expected demand during lead time is 10 units, standard deviation is 4 units and one-month lead time. Holding cost is $5. What is the unit backorder cost to make sure that the service level is at least 90%? ABC Company imports sport cars and redistributes them in the Vietnam's market. Monthly demand for the cars is normally distributed, with expected demand during lead time is 10 units, standard deviation is 4 units and one-month lead time. Holding cost is $5. What is the unit backorder cost to make sure that the service level is at least 90%?
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