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

question 105

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%?

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Definitions:

Bases

Substances that accept protons according to the Brønsted-Lowry definition or donate electrons in the Lewis definition, commonly displaying a pH greater than 7.

Buffers

Substances that minimize changes in the pH of a solution when an acid or base is added to it, helping to maintain stability in biological systems.

α-Helix

A common motif in the secondary structure of proteins, characterized by a right-handed coiled or spiral shape, where the amino acid residues are arranged in a helical structure.

Secondary

Pertaining to a secondary stage or level, implying it follows a primary stage and usually is dependent on or results from it.