Question: The demand for an electronic component is normally distributed with an average daily demand of 1 0 0 units and a standard deviation of 6

The demand for an electronic component is normally distributed with an average daily demand of 100 units and a standard deviation of 6. The cost of placing an order is 50 and the inventory carrying cost is 10 The lead time for the component is 4days. If a service level of \(95\%\) is desired, then the company's EOQ and reorder point

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