3. Daily demand for tablets of amazon is normally distributed, with a mean of 100 and standard deviation of 30. The tablet supplier takes an average of 15 days to replenish inventory at Amazon. The standard deviation of the supplier lead time is 5 days. Amazon follows a "periodic review policy" with a review period of 30 days. Amazon is targeting a CSL of 98% for its tablet inventory. (a) What is the mean demand during lead time and review period? What is the standard deviation of demand during lead time and review period? (c) What is the safety stock (in units) during lead time and review period? (b)
3. Daily demand for tablets of amazon is normally distributed, with a mean of 100 and standard deviation of 30. The tablet supplier takes an average of 15 days to replenish inventory at Amazon. The standard deviation of the supplier lead time is 5 days. Amazon follows a "periodic review policy" with a review period of 30 days. Amazon is targeting a CSL of 98% for its tablet inventory. (a) What is the mean demand during lead time and review period? What is the standard deviation of demand during lead time and review period? (c) What is the safety stock (in units) during lead time and review period? (b)
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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