Average Daily Demand for a Product Is Normally Distributed with a Mean

question 161

Essay

Average daily demand for a product is normally distributed with a mean of 20 units and a standard deviation of 3 units.Lead time is fixed at 25 days.What reorder point provides for a service level of 95 percent?

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Definitions:

Motivation

The intrinsic and extrinsic factors that drive an individual's behavior and actions toward achieving certain goals.

Salesperson's Position

The role or job title of an individual responsible for selling products or services to customers, often involving negotiation, presentation, and relationship management.

Job Description

A formal document that outlines the duties, responsibilities, required qualifications, and reporting relationships of a specific job.

Attributes

Characteristics or features of a product or service that can include quality, functions, design, and brand that influence consumer decisions.