Dunstreets department store would like to develop an


Question: Dunstreet's Department Store would like to develop an inventory ordering policy of a 95 percent probability of not stocking out. To illustrate your recommended procedure, use as an example the ordering policy for white percale sheets. Demand for white percale sheets is 4,500 per year. The store is open 365 days per year. Every four weeks (28 days) inventory is counted and a new order is placed. It takes 6 days for the sheets to be delivered. Standard deviation of demand for the sheets is five per day. There are currently 190 sheets on hand. How many sheets should you order?

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: Dunstreets department store would like to develop an
Reference No:- TGS02600630

Expected delivery within 24 Hours