What should the reorder point be
Problem
Demand for dishwasher water pumps is 8 per day. The standard deviation of demand is 3 per day, and the order lead time is four days. The service level is 95%. What should the reorder point be?
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The standard deviation of demand is 3 per day, and the order lead time is four days. The service level is 95%. What should the reorder point be?
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