Question: Answer questions 4 - 5 based on the following information: An ice cream shop sells an average of 7 0 0 cups of ice cream
Answer questions based on the following information:
An ice cream shop sells an average of cups of ice cream per week. The shop works days a week. Lead time is days. Demand appears normally distributed with a standard deviation of cups per day. The acceptable risk of stock out is
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What is the average daily demand?
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Based on the fixed order quantity model, what should be the reorder point? The reorder point should be an integer.
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