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Business, 26.06.2020 15:01 tatim210

Assume that the Best Buy store in Exercise 3 has a policy of ordering cell phones from the supplier in lots of 500. Weekly demand for cell phones at the store is normally distributed, with a mean of 300 and a standard deviation of 200. The supplier takes two weeks to supply an order. If the store manager is using a continuous review policy and targeting a fill rate of 99 percent, what safety inventory should the store carry

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Assume that the Best Buy store in Exercise 3 has a policy of ordering cell phones from the supplier...

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