Elucidate how many units should be ordered

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Q. Daily demand with a standard deviation: Daily demand for a product is 100 units, with a standard deviation of 25 units. The review period is 10 days and the lead time is 6 days. At the time of review there are 50 units in stock. If 98 percent service probability is desired, elucidate how many units should be ordered?

Reference no: EM1382936

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