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Demand for dishwasher water pumps is 8 per day. The standard deviation of demand is 3 per day, and the order lead time is four days. The service level is 95%. What should the reorder point be?
Period
A specified duration of time characterized by particular events, conditions, or phenomena.
Interest
The expense associated with taking out a loan, usually shown as a percentage of the total amount loaned.
Interest Earned
The amount of interest generated from an investment or savings over a certain period of time.
Account
A record or statement of financial expenditure and receipts relating to a specific period or purpose; also used to refer to a customer's relationship with a financial institution.
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