Question: The demand for an item is normally distributed with an average annual demand of 72,000 units, and with a standard deviation of demand of daily

The demand for an item is normally distributed with an average annual demand of 72,000 units, and with a standard deviation of demand of daily demand of 5 units. The lead time for this item is a constant 4 days. Calculate the reorder point using a 95 percent in-stock probability (Z = 1.65) and assuming 360 days per year. Round off to the nearest whole unit.

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