RIP Entitlement
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- This topic has 2 replies, 1 voice, and was last updated 17 years, 2 months ago by
ROSS.
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May 27, 2005 at 8:07 am #39507
Hi all,
Do someone has experience on RIP entitlement calculation? I have a formula on hand as beloiwing: RIP entitlement=2.33*Stdev(historical actual monthly usage)*sqrt(material purchase leadtime). I know 2.33*stdev(usage) means 99% variance, but what is the meaning of sqrt(lead time)?
Tks
Tony
0May 30, 2005 at 2:40 am #120408Experts,
Need help!
BR!
Tony0June 1, 2005 at 12:55 am #120488All,
RIP=raw material in process:
BR!
Tony0 -
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