1) The Manager of a retail store wants to determine the safety stock for an item with...
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1) The Manager of a retail store wants to determine the safety stock for an item with a service level of 95%. The reorder level for this product is 300 units, the weekly demand has a mean of 300 units, and a standard deviation of 50 units.
a) Optimal order size and reorder level (Q, R)
b) Service level
Related Book For
Basic Business Statistics Concepts and Applications
ISBN: 978-0132168380
12th edition
Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel
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