Question: Quick Print Inc uses plain paper for copying needs. Weekly demand for that paper follows a normal distribution with mean 100 and standard deviation 20
Quick Print Inc uses plain paper for copying needs. Weekly demand for that paper follows a normal distribution with mean 100 and standard deviation 20 (measured in reams). Each week, a replenishment order is placed with its supplier and the order arrives three weeks later. All copying orders that cannot be satisfied immediately due to the lack of paper are backordered. What order-up-to level should be used to achleve at least a 90% in-stock probability? (olease use the normal distribution table and round up to the nearest integer). Quick Print Inc uses plain paper for copying needs. Weekly demand for that paper follows a normal distribution with mean 100 and standard deviation 20 (measured in reams). Each week, a replenishment order is placed with its supplier and the order arrives three weeks later. All copying orders that cannot be satisfied immediately due to the lack of paper are backordered. What order-up-to level should be used to achleve at least a 90% in-stock probability? (olease use the normal distribution table and round up to the nearest integer)
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