What is the expected daily loss due to reworking defective items that end up scraps?How many end up “good” items in the average?
The warehouse capacity of a given product is of 3 items at most. The daily demand for this product is given by the following probability distribution: p(0) = 0.3; p(1) 0.25, p(2)1.25, p(3+)=0.2, where 3+ means 3 or more. When the remaining items at the end of a day are less than 2, an order […]