Q. The Trident paper company produces paper from wood pulp ordered from a lumber products firm. The paper company’s dail
Posted: Sat Feb 19, 2022 3:05 pm
Q. The Trident paper company produces paper from wood pulp
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 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%.
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 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%.