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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Practical Management Science

ISBN: 9781111531317

4th Edition

Authors: Wayne L. Winston, S. Christian Albright

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