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TATA trucks and its subsidiaries make 432,150 units per year with a daily standard deviation of 153 units. Ordering cost and shipping cost from Germany
TATA trucks and its subsidiaries make 432,150 units per year with a daily standard deviation of 153 units. Ordering cost and shipping cost from Germany is $1,900, with lead time from order to receipt is 19 days with standard deviation of 6 days. If the annual inventory cost is $1.89 per unit. What is the reorder point in order to provide a 98% service level. (Round to the nearest unit)
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