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Service Management: Operations, Strategy, Information Technology 8th Edition by James Fitzsimmons,Mona Fitzsimmons,Sanjeev Bordoloi
Edition 8ISBN: 978-1259010651Service Management: Operations, Strategy, Information Technology 8th Edition by James Fitzsimmons,Mona Fitzsimmons,Sanjeev Bordoloi
Edition 8ISBN: 978-1259010651 Exercise 36
Constructing a distribution of demand during reorder lead time is complicated if the lead time itself is variable. Consider the following distribution for a reorder point inventory system.
a. What is the range of possible demands during the variable lead time?
b. Using the Monte Carlo method and random numbers from Appendix B, simulate 10 demands during lead time that could be used to form a histogram.
a. What is the range of possible demands during the variable lead time?
b. Using the Monte Carlo method and random numbers from Appendix B, simulate 10 demands during lead time that could be used to form a histogram.
Explanation
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a. Demand during lead-time can...
Service Management: Operations, Strategy, Information Technology 8th Edition by James Fitzsimmons,Mona Fitzsimmons,Sanjeev Bordoloi
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