Discuss what do you think that most managers in real life

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Q. A business needs to determine its Reorder Point (ROP). Its demand situation is uncertain and they need to build into Reorder Point a safety stock. Business needs to have a level of service of 95 percent. If average daily demand (d-bar units/day) is 8 units/day, lead time (L) is 3 days and standard deviation of usage during lead time (σ L) is 2, illustrate what is Reorder Point (ROP)?

Q. Do you think that most managers in real life use a contingency approach to increase ir leadership effectiveness? Discuss.

Reference no: EM1374740

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