Question: While waiting for an order to arrive from its supplier
While waiting for an order to arrive from its supplier (known as the lead time), the golf department manager at a local Dick’s Sporting Goods store will sell an average of 60 boxes of Titleist golf balls. Assume the demand during the lead time for the balls follows a normal distribution with a standard deviation of 12 boxes. Determine the reorder point that will ensure the store a 95% probability that it will have enough inventory of golf balls until the next order arrives.
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