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Daniel Baker owns a shop that sells special car batteries. He uses a monthly periodic review order policy, and sets a 95% service level. During a month, demand for batteries is approximately normally distributed with a mean of 200 and a standard deviation of 40. His lead time is two (2) weeks. If his current inventory is 42 batteries on the day of review, how many batteries should he order?

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Financial Management, Finance

Category:- Financial Management
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