Question: In an inventory system for a single product, the demand is known to be constant with 150 items per day. However, the lead time (LT)

In an inventory system for a single product, the demand is known to be constant with 150 items per day. However, the lead time (LT) is known to be variable with a mean of 3 days and standard deviation of 1 day. If you target at 80% service level, what will be your reorder point (ROP)?

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