Lindner Congress Bookstore sells a unique calculator to college students. The demand for this calculator has a
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Lindner Congress Bookstore sells a unique calculator to college students. The demand for this calculator has a normal distribution with an average daily demand of fifteen units and a standard deviation of four units per day. The lead time for this calculator is very stable at five days. Compute the standard deviation of demand during lead time, and determine the safety stock and statistical reorder point that result in 5 percent stockouts.
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Related Book For 
Principles of Supply Chain Management A Balanced Approach
ISBN: 978-1337406499
5th edition
Authors: Joel D. Wisner, Keah Choon Tan, G. Keong Leong
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