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The manager of AutoPark in Cary realizes that the store often faces stockouts for brake pads. You suspect there might be a problem with the
The manager of AutoPark in Cary realizes that the store often faces stockouts for brake pads. You suspect there might be a problem with the replenishment policy, thus you decide to gather more data. The demand for brake pads turns out to be normally distributed. The mean demand for one week is packages, and the standard deviation is packages. AutoParks cost for Brake pads is $ per package. The cost of carrying Brake pads in inventory at the market is $ per package per week. In addition, the market incurs a cost of $ for placing an order, and it takes weeks to receive the delivery. Consider weeks in a year, days in a month.
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