Demand is a constant 100 parts per day. Resupply takes 1, 2, 3, 4, or 5 days with the following probabilities. (1, 50%),
Posted: Fri Jul 01, 2022 9:09 am
Demand is a constant 100 parts per day. Resupply takes 1, 2, 3, 4, or 5 days with the following probabilities. (1, 50%), (2, 30%), (3, 10%), (4, 7%), (5, 3%) a. How much inventory should be kept for a 90% service level? b. How much inventory should be kept for a 98% service level?