The inventory for a part is replaced every 4 hours. Demand for the part is at the rate of 0.5 parts per hour. How much inventory should be kept for a 99% service level? Assume that demand is Poisson distributed.
A Day in the Life of Yolanda Valdez Yolanda Valdez, senior vice president for marketing of ClearVision Optical Group, arrived at her office at 7:25 a.m. Settling in at her desk, she began to think about the problems she needed to handle in the course of the day. ClearVision Optical […]