Question
A grocery store orders a particular brand of shampoo from a supplier. The lead time for an order is 5 days. The daily demand for
A grocery store orders a particular brand of shampoo from a supplier. The lead time for an order is 5 days. The daily demand for the shampoo is approximately normal with a mean of 10 bottles per day and a daily standard deviation of 2 bottles. The desired service level for this shampoo is 85%.
What is the reorder point?
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Macroeconomics
Authors: David C. Colander
10th edition
1259663043, 1259663048, 978-1259663048
