When the store orders these DVD players from its supplier, it takes an amount of time L
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When the store orders these DVD players from its supplier, it takes an amount of time L for the order to arrive, where L is measured as a fraction of a year. In each of the following, find the mean LD and the standard deviation LD of the demand during lead time.
a. Assume that L is known to be 3/52, that is, three weeks.
b. Assume that L is uncertain, with mean 3/52 and standard deviation 1/52.
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Related Book For
Practical Management Science
ISBN: 9781111531317
4th Edition
Authors: Wayne L. Winston, S. Christian Albright
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