Consider a fixed period inventory system with a lead time of two weeks and a review period
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Question:
Consider a fixed period inventory system with a lead time of two weeks and a review period of seven weeks. If the mean weekly demand is 100, the standard deviation of Weekly demand is 20 and the required service level is 98%, what should be the Target inventory Level rounded up to the nearest integer
a. 123
b. 900
c. 100
d. 1398
e. 1023
Related Book For
Fundamental Accounting Principles Volume 1
ISBN: 9781259259807
15th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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