Question: Demand for a product is Normally distributed with a mean of 4 0 0 units a month and a standard deviation of 3 0 units
Demand for a product is Normally distributed with a mean of units a month and a standard deviation of units a month. Lead time is also Normally distributed with a mean of months and a standard deviation of months. What reorder level gives a cycle service level? What is the best reorder quantity if reorder cost is $ and the holding cost is $ a unit a month?
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