Question: Operations Management The average demand for an item is 120 units/year. The lead time is 1 month and the demand during lead time follows normal

Operations Management Operations Management The average demand for an

The average demand for an item is 120 units/year. The lead time is 1 month and the demand during lead time follows normal distribution with average of 10 units and standard deviation of 2 units. If the item is ordered once in 4 months and the policy of the company is that there should not be more than 1 stock-out every two years, determine the reorder level

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