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QUESTION 3: Data relating to one particular store's item are as follows: Average daily issues: 70 units Maximum daily issues: 90 units Minimum daily issues:

QUESTION 3:

Data relating to one particular store's item are as follows:

Average daily issues: 70 units

Maximum daily issues: 90 units

Minimum daily issues: 50 units

Lead time for the replenishment of stock is 11 to 17 days

Reorder quantity 2,000 units

Reorder level 1,800 units

What is the maximum stock level (in units) for this store's item? (show your work)

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