Question: Daily demand for a product is normally distributed with a mean of 200 units and a standard deviation of 50 units. The firm currently uses

Daily demand for a product is normally distributed with a mean of 200 units and a standard deviation of 50 units. The firm currently uses a reorder point system, with a lead time of 6 days.

Daily demand for a product is normally

Daily demand for a product is normally distributed with a mean of 200 units and a standard deviation of 50 units. The firm currently uses a reorder point system, with a lead time of 6 days. (a) What safety stock provides a 50% service level? (b) What safety stock provides a 80% service level? (c) What safety stock provides a 99% service level? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)

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