Simkin's Hardware store sells the Ace model electric drill. The demand for drills was observed during the last 300 days and the probability distribution was obtained. Also lead times were observed on the last 50 orders and the probability distribution was derived. Whenever, the on-hand inventory is 5 drills or less, Simkin calls his supplier

Answer rating: 100% (QA)

Simkins Hardware store wants to analyze ordering policy using simulation Simkins Hardware store sells the Ace model electric drill The demand for drills was observed during the last 300 days and the p... View the full answer