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Weekly demand for the latest TV set at a retailer is normally distributed with a mean of 600 TVs and a standard deviation of 150.
Weekly demand for the latest TV set at a retailer is normally distributed with a mean of 600 TVs and a standard deviation of 150. Currently, the store places orders to the supplier with a reorder point of 1,500 Tvs. Replenishment lead time is 2 weeks, fixed order cost per order is $200, each TV the retailer $300, and the inventory holding cost is 25% per year. If the retailer wants to achieve a 99% service level (use the z- value with one decimal, as in Table 13.4 of the textbook), what should be the safety stock value (whole number, no decimal)? Multiple Choice 0 610 510 560 460
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