[Step-by-Step] Assuming demand is constant at 70 units per day, and lead time is normally distributed with a mean of 5 days and a standard deviation of
Question: Assuming demand is constant at 70 units per day, and lead time is normally distributed with a mean of 5 days and a standard deviation of 2 days, what is the reorder point necessary to provide a 97% level of service?
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[All Steps] Assuming that demand is normally distributed with
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