We should set the reorder point R for an item, whose demand during lead time is uncertain.
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We should set the reorder point R for an item, whose demand during lead time is uncertain. We have a very rough model of uncertainty - the lead time demand is uniformly distributed between 5000 and 20000 pieces. Set the reorder point in such a way that the service level is 95%.
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Related Book For 
Quantitative Methods An Introduction For Business Management
ISBN: 1579
1st Edition
Authors: Paolo Brandimarte
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