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You are the operations manager of a firm that uses the continuous review inventory control system. Suppose the firm operates 2 5 2 days a
You are the operations manager of a firm that uses the continuous review inventory control system. Suppose the firm operates days a year and has the following characteristics for its primary item:
Demand unitsyear
Ordering cost $order
Holding cost $unityear
Lead time days
Standard deviation in daily demand units
Service level z
What is the reorder point?
Please round your calculations to the nearest whole number.
Your Answer:
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