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A newspaper publisher uses roughly 830 feet of baling wire each day to secure bundles of newspapers while they are being distributed to carriers. The paper is published Monday through Saturday. Lead time is six workdays. What is the appropriate reorder point quantity, given that the company desires a service level of 95 percent, if that stockout risk for various levels of safety stock is as follows: 1,500 feet, .10; 1,800 feet, .05; 2,100 feet, .02; and 2,400 feet, .01?
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Student arrivals are Poisson distributed, each student has only one question also answer times are exponentially distributed. Illustrate what fraction of his time does the professor spend answering questions.
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A garden shop wishes to prepare a supply of special fertilizer at a minimal cost by mixing two fertilizers, A and B. The mixture is to contain:
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