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Question
a. What reorder point provides a 50 percent service level?
b. What reorder point provides a 90 percent service level?
c. If the lead time standard deviation can be reduced from 3 days to 1, what reorder point now provides 90 percent service? How much is safety stock reduced by this change?
Answer: This problem requires formula 12-16 since demand is constant but lead time is variable.
Answer
This answer is hidden. It contains 260 characters.
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