Based on statistical analysis for demand, the distribution of data for a particular product seems to be normal. The data
Posted: Thu May 19, 2022 12:50 pm
Based on statistical analysis for demand, the distribution of
data for a particular product seems to be normal. The data shows a
daily average of 25 units with a standard deviation of 5 units.
Since this a product that is purchased, you should wait 5 days for
delivery as soon as you place an order. The cost per unit of this
product is $5. The supplier lead time has a standard deviation of 1
day. Every time you place an order to the supplier charge is $25,
and the inventory holding cost is $8.00 per unit per year. The
company operates 365 days per year.
data for a particular product seems to be normal. The data shows a
daily average of 25 units with a standard deviation of 5 units.
Since this a product that is purchased, you should wait 5 days for
delivery as soon as you place an order. The cost per unit of this
product is $5. The supplier lead time has a standard deviation of 1
day. Every time you place an order to the supplier charge is $25,
and the inventory holding cost is $8.00 per unit per year. The
company operates 365 days per year.