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A bakery's use of flour is normally distributed with a mean of 50 kg per day and a standard deviation of 3 kg per day.
A bakery's use of flour is normally distributed with a mean of 50 kg per day and a standard deviation of 3 kg per day. Lead time for delivery of the flour is normal, with a mean of six days and a standard deviation of two days. If the bakery's manager wants a service level of 99 percent, what reorder point should be used
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Simplifying Finance And Accounting Function
Authors: Mr. Dauji Gupta
1st Edition
9353467276, 978-9353467272
