Question: Suppose that for a given inventory situation, average annual demand is 1 , 0 0 0 and the EOQ is 1 0 0 . Demand
Suppose that for a given inventory situation, average annual demand is and the EOQ is Demand during a lead time is random and is described by the probability distribution in table above. For a reorder point of units, determine the expected fraction of all demand that is met on time, and the expected number of cycles per year during which a shortage occurs.
MASS FUNCTION FOR LEAD TIME DEMAND
tableLead Time Demand,Probability
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