Question
Under the continuous review policy, the average daily demand for Apple Ipad II at a Circuit Town store is 15, with a standard deviation
Under the continuous review policy, the average daily demand for Apple Ipad II at a Circuit Town store is 15, with a standard deviation of 5 units. The lead time is constant at 2 days. If the management wants a 90% cycle service level. How much of this is safety stock? What is the reorder point?
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