Gainesville Cigar stocks Cuban cigars that have variable lead times because of the difficulty in importing the product: Lead time is normally distributed with an average of 8 weeks and a standard deviation of 2 weeks. Demand is also a variable and normally distributed with a mean of 150 cigars per week and a standard deviation of 23 cigars. 95% service level, what is the ROP?
Gainesville Cigar stocks Cuban cigars that have variable lead times because of the difficulty in importing the product: Lead time is normally distributed with an average of 8 weeks and a standard deviation of 2 weeks. Demand is also a variable and normally distributed with a mean of 150 cigars per week and a standard deviation of 23 cigars. 95% service level, what is the ROP?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Gainesville Cigar stocks Cuban cigars that have variable lead times because of the difficulty in importing the product: Lead time is normally distributed with an average of 8 weeks and a standard deviation of 2 weeks.
Demand is also a variable and normally distributed with a mean of 150 cigars per week and a standard deviation of 23 cigars.
Demand is also a variable and normally distributed with a mean of 150 cigars per week and a standard deviation of 23 cigars.
95% service level, what is the ROP?
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