Question: Quick Print Inc. uses plan paper for copying needs. Weekly demand for that paper follows a normal distribution with mean 100 and standard deviation 50
Quick Print Inc. uses plan paper for copying needs. Weekly demand for that paper follows a normal distribution with mean 100 and standard deviation 50 (measured in reams). Each week, a replenishment order is placed with its supplier and the order arrives one week later. All copying orders that cannot be satisfied immediately due to the lack of paper are backordered. Suppose it wants to have an in-stock probability of at least 0.998. What order-up-to level should it use? Report your answer to the nearest integer.
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