A product has average daily demand of 50 a daily standard, Operation Management

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A product has average daily demand of 50 a daily standard

A product has average daily demand of 50, a daily standard deviation of 2.5, a lead time of 4 days, and there are 100 on hand. The lead time is 4 days and the order Interval is 14 days. If the company desires a 98% service level, calculate the reorder quantity.

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Operation Management: A product has average daily demand of 50 a daily standard

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