The average daily demand is 50 and its standard deviation is 5. The lead time is 4

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The average daily demand is 50 and its standard deviation is 5. The lead time is 4 days. If the reorder point is 210 (i.e. a safety stock of 10), what is the probability of a stock out in a cycle?

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Quantitative Methods for Business

ISBN: 978-0324651751

11th Edition

Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey cam

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Posted Date: Dec 15, 2020 07:36 PM

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The average daily demand is 50 and its standard deviation is 5. The lead time is 4

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Expert Answer:

The probability of a stockout is 015866 OR 15866 Explanation ... View the full answer

Quantitative Methods for Business

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