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Product I's inventory is managed according to the (Q,R) model. The safety stock for Product I is 120. The lead time for replenishing Product I's
Product I's inventory is managed according to the (Q,R) model. The safety stock for Product I is 120. The lead time for replenishing Product I's inventory is 3 weeks, and the weekly demand for Product I is normally distributed with mean 150 and standard deviation 60. Calculate the cycle service level we are achieving for Product I. (Note: For the values you may need for NORMSDIST and NORMSINV functions, please see the document below.)
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