Long description
Solution to the first Hinsdale example where standard deviation of demand during lead time was given is as follows:
Z value is 1.64
Safety stock is 16.45
Solution to the second Hinsdale example where daily demand was normally distributed is as follows:
Z value is 1.88
Average demand during lead time is 60
Standard deviation of demand during lead time, sigma sub dlt is 6.00
Safety stock is 11.28
Reorder point is 71.28
Solution to third Hinsdale example where daily demand was constant but lead time was normally distributed is as follows:
Z value is 2.05
Average demand during lead time is 150
Standard deviation of demand during lead time, sigma sub dlt is 75.00
Safety stock is 154.03
Reorder point is 304.03
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