In: Operations Management
A
garage requires 100 tires daily with standard deviation of 30
units. Inventories are reviewed and...
A
garage requires 100 tires daily with standard deviation of 30
units. Inventories are reviewed and orders are placed daily. lead
time for order is 1 day. The holding cost per day is $0.05. The
garage wishes to operate with 0.9987 in-stock probability. How many
tires are on order ? on hand ?