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You are managing inventory for a retail store that sells a popular electronic gadget. The average demand for this gadget is 50 units per week,

You are managing inventory for a retail store that sells a popular electronic gadget. The average demand for this gadget is 50 units per week, with a standard deviation of 20 units. The lead time for replenishing the inventory is 2 weeks. Determine the reorder point at a service level of 90%.

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The reorder point is the level of inventory which triggers an action to replenish that particular in... blur-text-image

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