May 27, 2005 at 8:07 am #39507
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)?
0May 30, 2005 at 2:40 am #120408
Tony0June 1, 2005 at 12:55 am #120488
The forum ‘General’ is closed to new topics and replies.