Question: C . Problem Solving. ( 2 0 points ) A store uses a ( Q , R ) inventory system to control its stock levels.
C Problem Solving.
points A store uses a Q R inventory system to control its stock levels. For a particular
part, historical data show that the distribution of monthly demand is approximately normal, with
mean and standard deviation Replenishment lead time for this part is about weeks. The
optimal EOQ for this part has been determined to be equal to The owner of the store would
like to maintain that there is no stockout in of the order cycles.
a Find the resulting values.
b Suppose that he wants to achieve a fill rate. What fill rate did he actually achieve from
the policy determined in part a
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