Inventory Control Guide Page 27
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40Stockout Probability with a Continuous
Uniform Distribution
Let us now consider two continuous distributions: the uniform and the normal distributions.
> R ] = α
Compute R such that : Prob[ D
Lt
0.01
uniform
1.75 σ
0.005
0
Note that in the uniform distribution, the standard deviation is about (max - min)/3.5. In this
example, the mean is thus 100 and the standard deviation, about 30.
2.
Assume: D
is continuous and uniform [50-150]
Lt
α
⇔ R = 150
= 0.00
SS = ......
α
⇔ R = 149
= 0.01
SS = ......
α
⇔ R = 145
= 0.05
SS = ......
α
⇔ R = ......
= 0.10
SS = ......
Prod 2100-2110
Inventory Control
26
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