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Assignment:
Bob's convenience store sells a lot of umbrellas. It rains a lot where the store is located. To always keep umbrellas in stock Bob uses a continuous review inventory management system with a CSL (cycle service level) of 95%. The demand per day is 35 with a standard deviation of 7. Umbrellas are ordered from a wholesaler. The lead-time is 6 days with a standard deviation of 0.6. What is the reorder point for umbrellas?
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