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Daily demand for a product is normally distributed with a mean of 150 units and a standard deviation of 15 units. The firm currently uses a reorder point system, and seeks a 75% service level during the lead time of 6 days.
a. What safety stock is appropriate for the firm?
b. What is the reorder point?
Dependability
The quality of being trustworthy and reliable, consistent in performance or behavior.
Friendship Patterns
The recurrent behaviors and interactions that characterize the relationships between friends, often influenced by social, cultural, and individual factors.
Apartment Buildings
Multi-unit residential buildings where individuals or families live in separate apartments, but share common areas such as hallways and exterior spaces.
Proximity
The physical closeness between people, objects, or geographical locations, which can influence relationships and interactions.
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