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You purchase a part that has normally distributed demand during the order lead time period. Average demand during lead time is 1000 units and the
You purchase a part that has normally distributed demand during the order lead time period. Average demand during lead time is 1000 units and the std. deviation of demand during order lead time is 50 units.
Calculate safety stock and round answer to the nearest whole number.
Calculate statistical reorder point and round answer to the nearest whole number.
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