Question
A certain company reorders envelopes when it stock drops to 15 boxes, although demand for envelopes during lead time is normally distributed with a mean
A certain company reorders envelopes when it stock drops to 15 boxes, although demand for envelopes during lead time is normally distributed with a mean of 12 boxes and a standard deviation of 4 boxes. What is the probability of this company stocking out before a new order of envelopes arrives?
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General And Industrial Management
Authors: Henri Fayol, Constance Storrs
1st Edition
1614274592, 978-1614274599
