What is the probability of a stockout during lead time, Operation Management

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What is the probability of a stockout during lead time

The injection molding department of a company uses 40 pounds of a powder a day. Inventory is reordered when the amount on hand is 240 pounds. Lead time averages five days. It is normally distributed and has a standard deviation of 2 days. What is the probability of a stockout during lead time?

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Operation Management: What is the probability of a stockout during lead time

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Operation Management: What is the probability of a stockout during lead time

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Ask an Expert for Answer!!

Operation Management: What is the probability of a stockout during lead time

Reference No:- TGS085153

Recent Questions Asked Operation Management

Q : What are the ethical issues involved in franchising business

Q : Your company could speed up a java program

Q : Write a program that implements a function swaptree

Q : Unfavourable materials quantity variance

Q : What is the probability of a stockout during lead time

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Q : How many grams of fat are in the entire can

Q : Type and extent of interaction

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