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:

Change Agent

An individual or group that actively facilitates, promotes, and manages change within an organization to achieve desired goals.

Perceived Threat

An individual's recognition and evaluation of danger or harm in a situation, which can influence their behavior and decision-making.

Inertia

The tendency to remain unchanged or to do nothing when action is necessary, often within organizational change contexts.

Organizational Change

The process through which a company or organization changes its structure, strategies, operational methods, technologies, or organizational culture.