XYZ Print Inc. uses plain paper for copying needs. Weekly demand for that paper follows a normal distribution with mean 100 and standard deviation of 50 (measured in reams). Each week, a replenishment order is placed with its supplier and the order arrives one week later. All copying orders that cannot be satisfied immediately due to the lack of paper are backordered. a. Suppose that XYZ Print Inc. decides to establish an order-up-to level of 300 for plain paper. At the start of this week, there are 200 boxes in inventory and 60 boxes on order. How much will XYZ Print order this week?
XYZ Print Inc. uses plain paper for copying needs. Weekly demand for that paper follows a normal distribution with mean 100 and standard deviation of 50 (measured in reams). Each week, a replenishment order is placed with its supplier and the order arrives one week later. All copying orders that cannot be satisfied immediately due to the lack of paper are backordered. a. Suppose that XYZ Print Inc. decides to establish an order-up-to level of 300 for plain paper. At the start of this week, there are 200 boxes in inventory and 60 boxes on order. How much will XYZ Print order this week?
Practical Management Science
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ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Transcribed Image Text:Inventory Management w/ Frequent Orders:
XYZ Print Inc. uses plain paper for copying needs. Weekly demand for that paper follows
a normal distribution with mean 100 and standard deviation of 50 (measured in reams). Each week,
a replenishment order is placed with its supplier and the order arrives one week later. All copying
orders that cannot be satisfied immediately due to the lack of paper are backordered.
a. Suppose that XYZ Print Inc. decides to establish an order-up-to level of 300 for plain paper.
At the start of this week, there are 200 boxes inventory and boxes on order. How
much will XYZ Print order this week?
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