The Paramount Paper company produces paper from woodpulp ordered from a lumber products firm. The paper company’s daily demand for wood pulp is normally distributed,with a mean of 9000 pounds and a standard deviation of1900 pounds. Lead time is eight days. Determine the reorderpoint if the paper company wants to limit the probability of astockout and work stoppage to 2%.
The Paramount Paper company produces paper from woodpulp ordered from a lumber products firm. The paper company’s daily demand for wood pulp is normally distributed,with a mean of 9000 pounds and a standard deviation of1900 pounds. Lead time is eight days. Determine the reorderpoint if the paper company wants to limit the probability of astockout and work stoppage to 2%.
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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The Paramount Paper company produces paper from wood
pulp ordered from a lumber products firm. The paper company’s daily demand for wood pulp is
with a mean of 9000 pounds and a standard deviation of
1900 pounds. Lead time is eight days. Determine the reorder
point if the paper company wants to limit the probability of a
stockout and work stoppage to 2%.
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