Economy, asked by pritadutt, 4 months ago

A service station uses 1 500 cases of oil a year. The ordering cost is Rs50 per order and the annual carrying cost is Rs4 per case. The station manager has specified a service level of 96%. What level of safety stock is appropriate if demand during lead time is normally distributed with a mean of 85 cases and a standard deviation of 6 cases? What is the probability of a stockout?

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Answered by namra9771
0

Explanation:

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