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Weekly demand for a certain product is normally distributed with mean 2 0 0 and standard deviation 1 0 . The source of supply is
Weekly demand for a certain product is normally distributed with mean and standard deviation The source of supply is reliable and maintains a constant leadtime of week. Ordering cost is $ per order, and annual inventoryholding cost is $ per unit. Management wants to satisfy a probability of not running out of stock in any one ordering cycle. Assume weeks a year. a What should be the reorder point? Round your answer to the nearest integer value. Note: The z value corresponding to service level is unitsb What should the order quantity? Round your answer to the nearest integer value. units
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