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Demand at the local sports store for a new style of Tshirt has been observed to be uncertain and normally distributed with a mean of
Demand at the local sports store for a new style of Tshirt has been observed to be uncertain and normally distributed with a mean of shirts and a standard deviation of Tshirts each day. A restock order placed with suppliers costs OMR, and annual holding cost per Tshirt is calculated at percent. The store uses an optimized continuous review policy, and purchases the Tshirts from suppliers for a price of OMR per unit.
The store owner is willing to accept only stockouts on average per year, and the store operates days during the year. What is the store's service level? Round your answer to decimal places.
This problem cannot be solved because the lead time is not known
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