Order the answer to: Consider the following demand and lead time data for Carnival

Academic Help business-management-leadership Order the answer to: Consider the following demand and lead time data for Carnival

business-management-leadership

Order the answer to: Consider the following demand and lead time data for Carnival

Question Consider the following demand and lead time data for Carnival Campers, Inc.
DEMAND PER DAY
PROBABILITY
MANUFACTURING LEAD TIME (IN DAYS)
PROBABILITY
1
0.4
2
0.3
2
0.6
3
0.7
a. Calculate average demand during lead time and determine the distribution for demand during lead time
b. For each reorder point from two to six units (assume the item is ordered 12 times per year and stock-out cost is $33 per unit), what are the expected stock outs and shortage costs per year?
Subject business-management-leadership
Ready to try a high quality writing service? Get a discount here