Question: 12. The demand for an electronic component is normally distributed with an average daily demand of 80 units (20,000 per year based on 250 work

12. The demand for an electronic component is normally distributed with an average daily demand of 80 units (20,000 per year based on 250 work days per year) and a standard deviation of 9 units /day. The lead time for the component is 4 days. If a service level of 90% is desired, then compute the company's EOQ and reorder point for this component

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