A product has a reorder point of 260 units,and is ordered ten times a year on average.The following table shows the historical distribution of demand values observed during lead time.
Currently,stockouts are valued at $5 per unit per occurrence,while inventory carrying costs are $2 per unit per year.Should the firm add safety stock? If so,how much safety stock should be added?
Definitions:
Self-Esteem
A reflection of one's overall subjective emotional evaluation of their own worth.
Competitive Or Ambitious
Describes individuals or behaviors driven by the desire to succeed or excel over others.
Easy-Going
Describes a person who is relaxed, tolerant, and not easily upset or stressed.
Inferiority Feelings
Emotions characterized by a lack of self-worth or a perception of being less valuable or capable in comparison to others.
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