Question: Given the following inventory system to answer the next two (15 & 16) questions: Average daily demand is 75 units with a standard deviation of

Given the following inventory system to answer the next two (15 & 16) questions: Average daily demand is 75 units with a standard deviation of 8 units, order interval is 10 days, lead time is 2 days and the target service probability is 97.5%. Which of the following is the order quantity? Assume that current inventory on hand is 150 units. 804 766 72 854 954

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