Question: Question 11 (2 points) ABC store in Montreal is using a two-bin inventory management system and placing orders for a product following an economic order

Question 11 (2 points) ABC store in Montreal is

Question 11 (2 points) ABC store in Montreal is using a two-bin inventory management system and placing orders for a product following an economic order quantity of 500 units per order. The lead time is 4 days. The average daily demand is 15 items per day following normal distribution. The standard deviation of lead time demand is 10 items. What is the reorder point (ROP) if the probability of stock-out is 50%? 70 60 65 None of these answer choices 250

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