Robin Is trying to figure out how much extra of boxes of imported chocolate to keep. During the past year, the demand per week was variable with a mean of 85 and a OR 12. Lead time was also variable with a mean of 6 weeks and o=2. Riley would like to maintain a 90% service level. What is the recommended safety stock? What is the ROP?
Robin Is trying to figure out how much extra of boxes of imported chocolate to keep. During the past year, the demand per week was variable with a mean of 85 and a OR 12. Lead time was also variable with a mean of 6 weeks and o=2. Riley would like to maintain a 90% service level. What is the recommended safety stock? What is the ROP?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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