Mgmt 3340 Operations Management Fall 2015 Assignment Five Part 1 The Toledo Mudh

Extra Credit

The daily demand for a product is 17 units with a standard deviation of 2.6 units. The review period is 30 days with a lead time of 14 days. Management has a set policy of satisfying 95% of demand from items in stock. At the beginning of the review period, there are 120 units in inventory. How many units should be ordered?

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