A product with an annual demand of 1150 units has Co = $22.5 andCh = $7. The demand exhibits some variability such that thelead-time demand follows a normal probability distribution with ยต =29 and ? = 7.
What is the recommended order quantity? If required, round youranswer to two decimal places. Q* =
What are the reorder point and safety stock if the firm desiresat most a 3% probability of stock-out on any given order cycle? Ifrequired, round your answers to the nearest whole number.
Record point =
Safety stock =
If a manager sets the reorder point at 34, what is theprobability of a
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