Question: Extra credit #2 Using the fixed time period inventory model: ** Daily demand has a mean of 100 units and standard deviation of 25 units.

Extra credit #2 Using the fixed time period

Extra credit #2 Using the fixed time period inventory model: ** Daily demand has a mean of 100 units and standard deviation of 25 units. ** Review period is 8 days ** Lead time is 3 days ** Unit cost is $50 ** Holding cost is 10% of the unit cost per year ** Desired cycle service level is 90% Find the safety stock and then: * Suppose there are 50 units of inventory on hand when ordering. What is the order quantity

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