Question: Weekly demand for frames at a Picture Perfect shop is normally distributed with a mean of 250 and a standard deviation of 150. The store
Weekly demand for frames at a Picture Perfect shop is normally distributed with a mean of 250 and a standard deviation of 150. The store manager continuously monitors inventory and orders 1,000 frames each time the inventory drops to the reorder point. The manufacturer takes three weeks to fill an order. What should the reorder point be for the store to maintain a service level (probability of no stock-out) of 99%? Choose the closest answer.
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