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Problem 7 --11-20 (Algo) Daily demand for a product is 50 units, with a standard deviation of 35 units. The review period is 5 days
Problem 7
--11-20 (Algo) Daily demand for a product is 50 units, with a standard deviation of 35 units. The review period is 5 days and the lead time is 4 days. At the time of review, there are 60 units in stock. If 95 percent service probability is desired, how many units should be ordered? Note: Use Excel's NORM.S.INV() function to find the z value. Round z value to 2 decimal places and final answer to the nearest whole number. Ordered quantity units
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Better Than Alpha Three Steps To Capturing Excess Returns In A Changing World
Authors: Christopher M. Schelling
1st Edition
1264257651,126425766X
