Suppose the dealer owns nn car dealerships (including the one mentioned above) in the KC metropolitan...
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Suppose the dealer owns nn car dealerships (including the one mentioned above) in the KC metropolitan area. The monthly demand for this model at each of these dealerships is also Normally distributed with a mean of 20 and a standard deviation of 10. All units of this model are stored in a central warehouse and can be shipped to any of the dealerships immediately at no additional cost. The order leadtime for the warehouse is also 1 month. Suppose the dealer has chosen a base-stock level for the central warehouse such that 75% of the total customer demand for this model across all n dealerships can be satisfied immediately from stock. If your calculated base stock level is s», then the base-stock level for the warehouse is? Suppose the dealer owns nn car dealerships (including the one mentioned above) in the KC metropolitan area. The monthly demand for this model at each of these dealerships is also Normally distributed with a mean of 20 and a standard deviation of 10. All units of this model are stored in a central warehouse and can be shipped to any of the dealerships immediately at no additional cost. The order leadtime for the warehouse is also 1 month. Suppose the dealer has chosen a base-stock level for the central warehouse such that 75% of the total customer demand for this model across all n dealerships can be satisfied immediately from stock. If your calculated base stock level is s», then the base-stock level for the warehouse is?
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To calculate the basestock level for the central warehouse lets call it S which ensures that 75 of t... View the full answer
Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 9781119577621
3rd Canadian Edition
Authors: Ken Black, Ignacio Castillo
Posted Date:
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