Question
Write a java function will calculate the reorder point for a given product, IE the inventory level that indicates the product must be reordered in
Write a java function will calculate the reorder point for a given product, IE the inventory level that indicates the product must be reordered in order to avoid a stockout
- To Calculate Re-order point (Lead time stock + safety stock)
- Re-order point = Average Lead Time*Average Demand + Service Level*?(Avg. Lead Time*Standard Deviation of Demand^2+ Avg. Demand^2 *Standard Deviation of Lead Time^2)
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Databases Illuminated
Authors: Catherine M. Ricardo, Susan D. Urban, Karen C. Davis
4th Edition
1284231585, 978-1284231588
