Use Exhibit 1 to estimate the average and standard deviation of monthly demand. What is the safety
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Use Exhibit 1 to estimate the average and standard deviation of monthly demand. What is the safety stock to be maintained by the sales and distribution division for a service level of 95%? What is the reorder point?
Related Book For
Essentials of Business Analytics
ISBN: 978-1285187273
1st edition
Authors: Jeffrey Camm, James Cochran, Michael Fry, Jeffrey Ohlmann, David Anderson, Dennis Sweeney, Thomas Williams
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