Daily demand for a product is 120 units, with a standard deviation of 30 units. The review
Question:
Daily demand for a product is 120 units, with a standard deviation of 30 units. The review period is 14 days and the lead time is 7 days. At the time of review, 130 units are in stock. If only a 1 percent risk of stocking out is acceptable, how many units should be ordered?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Operations Management For Competitive Advantage
ISBN: 1572
11th Edition
Authors: Richard B. Chase, F. Robert Jacobs
Question Posted: