Question: While using a periodic review inventory model, the daily demand for a product is normally distributed with a mean of 5 0 , and a
While using a periodic review inventory model, the daily demand for a product is normally distributed with a mean of and a standard deviation of It places orders every two weeks and the shipment lead time is days. The company has a service policy.
What is the required inventory that the manger aims to build every time they place an order?
What should the order amount be if current inventory is units?
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