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1. The average daily demand and standard deviation of daily demand for a product is 800 and 12 respectively. Replenishment lead time from the supplier

1. The average daily demand and standard deviation of daily demand for a product is 800 and 12 respectively. Replenishment lead time from the supplier is 4 days. The fixed cost and holding cost are $15,000 and $18, respectively. If the service level is 95% then calculate: a) Average demand during lead time b) Safety stock c) Reorder level d) Order quantity

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