Question: 22. A retailer guarantees a 95 per cent service level for all stock items. Stock is delivered from a wholesaler who has a fixed lead

22. A retailer guarantees a 95 per cent service level for all stock items. Stock is delivered from a wholesaler who has a fixed lead time of 4 weeks. What reorder level should the retailer use for an item that has Normally distributed demand with mean 50 units a week and standard deviation of 20 units? What is the reorder level with a 98 per cent service level

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