Question
Suppose customer demand follows a Normal distribution with mean 3000. Suppose for an order quantity Q=3500, you calculated Expected Lost Sales=225. What is the Expected
Suppose customer demand follows a Normal distribution with mean 3000. Suppose for an order quantity Q=3500, you calculated Expected Lost Sales=225. What is the Expected Leftover Inventory?
a. 2775
b. 3500
c. 225
d. 725
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Quantitative Analysis For Management
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna
11th Edition
9780132997621, 132149117, 132997622, 978-0132149112
