Question: V) What should the reorder point be? Problem 16: A bicycle manufacturer requires tires. Inventory consumption is normally distributed with a mean of 500

" V) What should the reorder point be? Problem 16: A bicycle manufacturer requires tires. Inventory consumption is normally distributed with a mean of 500 tires per day and a standard deviation of 150 tires. Lead time is normally distributed with a mean of four days and a standard deviation of one day. If the manufacturer wishes to avoid a stockout with probability P(Z

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