Inventory management-order quantity for service level

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Reference no: EM13115624

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, how many units should be ordered?

Reference no: EM13115624

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