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A Planner wants to determine the required safety stock to achieve a 99.5% service level. Data for the last 12 periods is shown below
A Planner wants to determine the required safety stock to achieve a 99.5% service level. Data for the last 12 periods is shown below Period 1 2 3 4 5 6 7 8 9 10 11 12 Demand 1250 1600 1345 1090 2100 1735 1800 1550 1200 1540 1100 1400 Safety Stock Required Standard Deviation Safety Factor
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To determine the required safety stock to achieve a 995 service level we need to calculate the standard deviation and the safety factor First lets cal...
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Introduction To Statistical Investigations
Authors: Beth L.Chance, George W.Cobb, Allan J.Rossman Nathan Tintle, Todd Swanson Soma Roy
1st Edition
1118172140, 978-1118172148
