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A shoe store stocks a pair of house slippers that sell well throughout the year. The typical order quantity is 150 pairs of slippers. The
A shoe store stocks a pair of house slippers that sell well throughout the year. The typical order quantity is 150 pairs of slippers. The daily demand is 5 pairs of slippers with a standard deviation of 1.4. The typical lead time is 6 days, and the shoe store targets a 95% service level. What should be the order-up-to-level (S) under the periodic review inventory policy?
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Introductory Statistics Exploring The World Through Data
Authors: Robert Gould, Rebecca Wong, Colleen N. Ryan
3rd Edition
0135163145, 978-0135163146
