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e) At the last management meeting, the management of Ross White decided to change its inventory control model to a fixed time model, with
e) At the last management meeting, the management of Ross White decided to change its inventory control model to a fixed time model, with the same lead time of 2 days and placing orders every 2 weeks, with the suppliers. Average daily demand remains the same and with the same standard deviation. Currently there are 700 units of inventory on hand. What size orders should Ross White's Machine Shop place with suppliers?
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
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