Question: Question 3 An apple store has a demand for 7000 phone per year. The firm operates 245 day working year. On average delivery takes 4

Question 3 An apple store has a demand for 7000

Question 3 An apple store has a demand for 7000 phone per year. The firm operates 245 day working year. On average delivery takes 4 days but has been known to take as long 6 days. Calculate reorder point without a safety stocks and then with 2 days safety stocks

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