Demand for a piping component during its lead time is
Demand for a piping component during its lead time is normally distributed with a mean of 500 units and a standard deviation of 20. The firm wishes to limit stockouts to an average of 1 in every 20 reorder cycles. What reorder point should be used?
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demand for a piping component during its lead time is normally distributed with a mean of 500 units and a standard
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