Question: In a continuous review inventory system, the lead time for door knobs is 4 weeks. The standard deviation of demand during the lead time is
In a continuous review inventory system, the lead time for door knobs is 4 weeks. The standard deviation of demand during the lead time is 90 units. The desired cycle-service level is 96 percent. The supplier of door knobs streamlined its operations and now quotes a 1 week lead time.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
