Given the following information with demand and performance, Operation Management

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Given the following information with demand and performance

Given the following information with demand and performance cycle certainty:

Average daily demand = 40 units

Performance cycle = 10 days

Order quantity (from (EOQ) = 400 units

Review period = 2 weeks (10 working days)

Calculate:

a) the reorder point utilizing the perpetual review method

b) the reorder point utilizing the periodic review method

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Operation Management: Given the following information with demand and performance

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