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A company has recorded the last five days of daily demand on their only product.Those values are 120,125,124,128 and 133.The time from when an order is placed to when it arrives at the company from its vendor is 5 days.Assuming the basic fixed-order quantity inventory model fits this situation and no safety stock is needed,which of the following is the reorder point (R) ?
Equilibrium Level
The equilibrium level is the point at which market supply equals market demand, resulting in a stable market condition where there is no inherent tendency for change.
Median Earnings
The middle value of earnings in a given distribution, where half of the population earns less and the other half earns more.
Education
The systematic process of facilitating learning and acquiring knowledge, skills, values, beliefs, and habits through methods like teaching, training, storytelling, discussion, and directed research.
Marginal Productivity
The increase in output that results from a one-unit increase in an input, holding all other inputs constant.
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