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A shop owner uses a reorder point approach to restocking a certain raw material. Lead time is 1 0 days. Usage of the material is
A shop owner uses a reorder point approach to restocking a certain raw material. Lead time is
days. Usage of the material is normally distributed with a mean of pounds per day and a
daily standard deviation of pounds. When should the raw material be reordered if the
acceptable risk of a stockout is Customer service level is Hint: You need to
calculate the standard deviation during the lead time
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