Question: 1) Given that the daily demand for corn = 240 units. This has a standard deviation of 60 units with a review period of 7

1) Given that the daily demand for corn = 240 units. This has a standard deviation of 60 units with a review period of 7 days. But at the review time only 115 were in stock. The acceptance rate was only 2% : find the number of units that must be ordered?

8. Discuss the use of RIM software. What is the main reason for using RIM software? (Obj. 8)

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