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A firm sells bulk rolls of newsprint.
written 5.1 years ago by | • modified 4.0 years ago |
The daily demand is given by the following probability distribution:
Daily Demand (Rolls) | 3 | 4 | 5 | 6 |
---|---|---|---|---|
Probability | 0.20 | 0.35 | 0.30 | 0.15 |
Lead time is a random variable given by the following distribution:
Lead Time (Days) | 1 | 2 | 3 |
---|---|---|---|
Probability | 0.36 | 0.42 | 0.22 |
Determine the lead-time demand for 5 cycles of simulation. Random digits for lead time and demand are as follows:
R.D for Lead Time | 46 | 75 | 86 | 27 | 63 | |||||
---|---|---|---|---|---|---|---|---|---|---|
Probability | 4 | 5 | 4 | 5 | 6 | 3 | 4 | 4 | 6 | 4 |
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