Essay
Weekly demand for 12" frames at the Frame Shop is normally distributed with a mean of 250 and a standard deviation of 150.The store manager has decided to follow a periodic review policy to manage inventory of cell phones.They plan to order every three weeks.The manufacturer currently takes two weeks to fill an order.Given a desired CSL of 95 percent,how much safety inventory should the store carry? What should their OUL be?
Correct Answer:
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ss = Fs-1(CSL)× σT+L
= NORMSIN...View Answer
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Correct Answer:
Verified
= NORMSIN...
View Answer
Unlock this answer now
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