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?
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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?
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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.
