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A restaurant uses an average of 50 jars of a special sauce each week. Weekly usage of sauce has a standard deviation of 3
A restaurant uses an average of 50 jars of a special sauce each week. Weekly usage of sauce has a standard deviation of 3 jars. The manager is willing to accept no more than a 10 percent risk of stockout during lead time, which is two weeks. Assume the distribution of usage is normal. Determine the ROP ROP = dx LT + 20 VLT
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To determine the Reorder Point ROP we will use the formula ROP Average Weekly Usage Lead Time Safet...
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
