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Please solve it with Excel. ABC Company brings in sports cars and sells them in the Vietnamese market. The monthly demand for these cars follows
Please solve it with Excel.
ABC Company brings in sports cars and sells them in the Vietnamese market. The monthly demand for these cars follows a normal distribution, and when the company places an order, it takes one month for the cars to arrive. The average demand during this lead time is 10 units, with a standard deviation of 4 units. To maintain a service level of at least 90%, what should be the unit backorder cost? The holding cost is $5. ABC Company brings in sports cars and sells them in the Vietnamese market. The monthly demand for these cars follows a normal distribution, and when the company places an order, it takes one month for the cars to arrive. The average demand during this lead time is 10 units, with a standard deviation of 4 units. To maintain a service level of at least 90%, what should be the unit backorder cost? The holding cost is $5Step by Step Solution
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