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Daily demand for a product is 60 units with a standard deviation of 10 units. The review period is 10 days, and the lead-time is 3 days. At the time of review there are 100 units in stock.
If 95 percent service probability is desired, how many units should be ordered?
If 50% service probability is desired, how many units should be ordered?
Product A is assembled from two units of S1 and three units of S2. S1 is made of one unit of C1, four units of C2, and one unit of C3. S2 is made of three units of C2 and two units of C3. Assume no inventory on hand, products take one day to assemble..
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ASSIGNMENT- The systems perspective component of operational management is concerned with transforming inputs into useful outputs, thereby adding to the value of services and/or products
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