Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose the demands in successive weeks for your product are normally distributed with a mean of 100 and a standard deviation of 20 and suppose
Suppose the demands in successive weeks for your product are normally distributed with a mean of 100 and a standard deviation of 20 and suppose your lead time for receiving a placed order is three weeks. A quantity of interest to managers is the lead-time demand, the total demanded over three weeks. Why does the formula for the standard deviation of lead-time demand include a square root of 3? What assumptions are behind this? Please Type out the answer , no screenshots or attachments
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started