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Consider a workstation that can process 4000 units per hour. It takes 15 minutes to receive an order from the previous station. The container size is 20 units. The factory sets safety stock at 20 percent of demand during lead time. How many kanbans are needed for the workstation?
Mutually Exclusive
A statistical term describing events that cannot happen at the same time; each occurrence is independent and prevents any other from happening concurrently.
P(A ∩ B)
Represents the probability of both event A and event B occurring simultaneously.
Likelihood
The probability of a set of data or observed outcomes given a particular model or hypothesis.
Tossed
A term often used to describe the throwing of an object, such as a coin or a dice, in the context of chance or randomness.
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