Change the model in the file Ordering Cameras 2.xlsx slightly to allow a random lead time with
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Change the model in the file Ordering Cameras 2.xlsx slightly to allow a random lead time with a given mean and standard deviation. If the mean lead time is 2 weeks, and the standard deviation of lead time is half a week, find the optimal solution if the company desires a fill rate of 98.5%. Explain exactly how the company would implement this solution.
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Related Book For
Practical Management Science, Revised
ISBN: 9781118373439
3rd Edition
Authors: Wayne L Winston, S. Christian Albright
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