Question: Given that the daily demand for corn = 240 units. This has a standard deviation of 60 units with a review period of 7 days.
Given that the daily demand for corn = 240 units. This has a standard deviation of 60 units with a review period of 7 days. But at the review time only 115 were in stock. The acceptance rate was only 2% : find the number of units that must be ordered
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To find the number of units that must be ordered we can use the concept of safety stock and the form... View full answer
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