A Bakery Uses 5 Kanban Containers That Each Hold 5

question 99

Essay

A bakery uses 5 kanban containers that each hold 5 cakes.If daily demand is 20 cakes and lead time is 1 day determine the safety stock.

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Definitions:

Standard Deviations

A statistic that measures the dispersion or spread of a set of data points relative to their mean.

Mean

The average of a set of numerical values, calculated by summing them up and dividing by the number of values.

Deviation

In statistics, it refers to the difference between the observed value and the mean of a dataset, indicating how much the data points diverge from the average.

Skewness

A measure of the asymmetry of the probability distribution of a real-valued random variable.