Question: The average daily demand for a product is normally distributed with a mean of 2 5 units and a standard deviation of 4 unitsLead time
The average daily demand for a product is normally distributed with a mean of units and a standard deviation of unitsLead time is fixed at days. Answer the following questionsUse appropriate formulae and tablesShow your calculations for each question. No credit is earned for answers without calculations a How much safety stock is needed if you are willing to have a stockout occur no more than of the time? b What is the reorder point?
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