An item that is managed with periodic review system

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An item that is managed with a periodic review system has average daily demand of 30 units with a standard deviation of 5. The order interval for this item has been set at 30 days. Lead time for this item averages 5 days, with a standard deviation of 0.4 days. Acceptable stockout risk has been established as 2.5%. At the latest count, there are 180 units in inventory. How many units should be ordered?

Reference no: EM132076191

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