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A retailer wants to keep a 9 5 % service level ( z = 1 . 6 5 ) for a certain consumer item. The

A retailer wants to keep a 95% service level (z=1.65) for a certain consumer item. The total demand over the last 15 days has been noticed to be 450 and a standard deviation of daily demand is 2. Lead time is assumed to be constant at 9 days. At what level does the retailer need to keep the re-order-point?

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