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A point of sale requires 50 units per day of an item. The standard deviation of the daily demand is 3 units/day. An order is
A point of sale requires 50 units per day of an item. The standard deviation of the daily demand is 3 units/day. An order is placed with a supplier every 5 days, and the delivery lead time is 4 days. The desired service level is 0.95. There are 100 units on hand the day the order is being placed. Calculate the appropriate order quantity (round up)
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