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Robot Ltd. wishes to maintain en

Robot Ltd. wishes to maintain en

Elements Of Electromagnetics
Elements Of Electromagnetics
7th Edition
ISBN:9780190698614
Author:Sadiku, Matthew N. O.
Publisher:Sadiku, Matthew N. O.
ChapterMA: Math Assessment
Section: Chapter Questions
Problem 1.1MA
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Q.46 Robot Ltd. wishes to maintain enough safety stock during the lead time period between starting a new production run and its completion such that the probability of satisfying the customer demand during the lead time period is 95%. The lead time period is 5 days and daily customer demand can be assumed to follow the Gaussian (normal) distribution with mean 50 units and a standard deviation of 10 units. Using o-(0.95) = 1.64, where o represents the cumulative distribution function of the standard normal random variable, the amount of safety stock that must be maintained by Robot Ltd. to achieve this demand fulfilment probability for the lead time period is units. [Round off to two decimal places]
Transcribed Image Text:Q.46 Robot Ltd. wishes to maintain enough safety stock during the lead time period between starting a new production run and its completion such that the probability of satisfying the customer demand during the lead time period is 95%. The lead time period is 5 days and daily customer demand can be assumed to follow the Gaussian (normal) distribution with mean 50 units and a standard deviation of 10 units. Using o-(0.95) = 1.64, where o represents the cumulative distribution function of the standard normal random variable, the amount of safety stock that must be maintained by Robot Ltd. to achieve this demand fulfilment probability for the lead time period is units. [Round off to two decimal places]
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