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Demand for an Item Is 1000 Units Per Week, with a Standard

question 36

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Demand for an item is 1000 units per week, with a standard deviation in weekly demand of 60 units. The lead time is 2 weeks. The company wants to maintain an 88 percent cycle- service level. Assume demand during lead time to be normally distributed. For a continuous review system, what should be the reorder point? A normal table is attached at the end of this exam.


Definitions:

Visual Cortex

The part of the cerebral cortex that receives and processes sensory nerve impulses from the eyes.

Figure-ground Relationships

A visual perception principle that involves organizing the visual field into objects (figures) that stand out from their surroundings (ground).

Critical Period

A specific time in development during which an organism is particularly sensitive to certain stimuli, leading to irreversible outcomes.

Visual Experience

The perception of sights or colors through the eyes, contributing to how we interpret and navigate the environment.

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