In a fixed order quantity system (Q-system), the daily demand for a product is approximately...
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Accounting
In a fixed order quantity system (Q-system), the daily demand for a product is approximately normally distributed with a mean of 91.2 and a standard deviation of 23.6 units. The order lead time is 17 days. What is the appropriate reorder point (in units) if the target service level is 87.08%?
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