Warehouse experiences daily demand for a product

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A warehouse experiences daily demand for a product that is normally distributed with mean 100 and standard deviation 30. The delivery lead-time is three days.

a. What is the normal ROP?

b. At what inventory should the warehouse reorder in order to achieve a 95% service level and how much safety stock is necessary?

c. Repeat part a) assuming a 99% service level.

Reference no: EM132257002

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