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What is the safety stock and reorder point

Question:

The daily demand of a product can be specified by a normal distribution the average daily demand is 250 units with a standard deviation of 40" units. The order lead time for this product is also normally distributed with an average of 10 days and a standard deviation of 3 days. What is the safety stock and reorder point for a 95% in stock probability?

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Finance Basics: What is the safety stock and reorder point

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Finance Basics: What is the safety stock and reorder point

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