Constructing a distribution of demand during reorder lead time is complicated if the lead time itself is variable Consider the following distribution for a reorder point inventory system a What is the range of possible demands during the variable lead time b Using the Monte Carlo method and random ...

a Demand during leadtime can range from a low of 0 to a ...

Constructing a distribution of demand during reorder lead time is complicated if the lead time itself is

Question:

Constructing a of demand during reorder lead time is complicated if the lead time itself is variable. Consider the following for a reorder point inventory system.

Constructing a distribution of demand during reorder lead time is

a. What is the range of possible demands during the variable lead time?

b. Using the Monte Carlo method and random numbers from Appendix B, simulate 10 demands during lead time that could be used to form a histogram.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...