Mathematics, 19.12.2021 19:30 samueldfhung
An ice-cream parlor sells 9 flavors. By implementing postponement, they keep a generic vanilla flavor in stock and then create the 9 flavors on the spot when ordered. Based on the costs of underage and overage, the in-stock probability before postponement is set at 90%, and after postponement is set at 95% so more customers will get served. The standard deviation of each flavor of ice cream is 25 gallons per week, and the lead time is one week as well. Determine the reduction in safety stock that postponemen
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An ice-cream parlor sells 9 flavors. By implementing postponement, they keep a generic vanilla flavo...
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