Thanks buddy. You are the man! It wasn´t mentioned in the book why they multiplied the probability of 0.1 for "Safety Stock 10" (in your Video at approx. 6:15 explained). Now i understand, you look from the point where your safety stock is - in this case at 60. Than you look up to a probability where we could be out of stock and in this case it is at 70 units by a probability of 0.1. Thank you very much!!!!
Hey, Amazing video! I have a question regarding Confidence Intervals. If your C.T. is 95%, how is your z value 1.65 instead of 1.95 ? Thanks for the content. Everything other in video is beautifully explained with the examples.
Sir thank you, it is simply exceptional work. May Lord Jesus Christ increase you. Amen
Thanks buddy. You are the man! It wasn´t mentioned in the book why they multiplied the probability of 0.1 for "Safety Stock 10" (in your Video at approx. 6:15 explained). Now i understand, you look from the point where your safety stock is - in this case at 60. Than you look up to a probability where we could be out of stock and in this case it is at 70 units by a probability of 0.1. Thank you very much!!!!
May I ask what book?
This is AWESOME, my man..Dr. Millar!!! Really well presented. Thank you :-)
Excellent lecture Dr. Millar! Very helpful and clear to understand!
Great job Sir!!
awesome 🙋
Hey,
Amazing video!
I have a question regarding Confidence Intervals. If your C.T. is 95%, how is your z value 1.65 instead of 1.95 ?
Thanks for the content. Everything other in video is beautifully explained with the examples.
It should be 1.96. 1.65 would be for a 90% C.I. That must be an error. I will be updating all of the videos, new examples, new scenes.
Thank you, sir.
Hi, can you please make a seperate playlist for supply chain management and forcasting
czcams.com/play/PLqXOJgg-SBxvU1eCz4g4mi2HhALDasQRd.html
Hi
In case the data are not normally distributed ..what to do then ?
Why in video time 19:38 , the Z for 98% = 2.055? I think in Appendix 1 , the value is 2.05
Whats appendix 1
arigato gozaimas