Question
Demand arrives one unit at a time according to a Poisson process with mean 20 units / day. Suppose that the lead time is 3
Demand arrives one unit at a time according to a Poisson process with mean 20 units / day. Suppose that the lead time is 3 days, holding cost is $1 and backorder cost is $7. Using normal approximation to find out the optimal inventory position R.
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Strategic Management and Competitive Advantage Concepts and Cases
Authors: Jay B. Barney, William Hesterly
5th edition
133129306, 0133127400, 9780133129304, 978-0133127409
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