Question: Given the following inventory system: average weekly (7 days a week) demand is 1000 units with a standard deviation of 100 units, review period is
Given the following inventory system: average weekly (7 days a week) demand is 1000 units with a standard deviation of 100 units, review period is 28 days (4 weeks), lead time is 14 days (2 weeks) and the target service probability is 90%. Currently, inventory on hand is 50 units. How many units should be ordered? (Please Show Work)
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