Mathematics, 28.02.2020 00:53 oliviaberta91
Daily demand for a product is 50 units, with a standard deviation of 30 units. The review period is 5 days and the lead time is 10 days. At the time of review there are 60 units in stock. If 99 percent service probability is desired, how many units should be ordered? (Use Excel's NORMSINV() function to find the correct critical value for the given α-level. Do not round intermediate calculations. Round "z" value to 2 decimal places and final answer to the nearest whole number.) Ordered quantity units
Answers: 2
=50
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Daily demand for a product is 50 units, with a standard deviation of 30 units. The review period is...
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