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Q. A certain raw material is restocked using a reorder point approach. Lead time is 6 days. Usage of material during lead time is normally distributed with a mean of 42 pounds and a standard deviation of 4 pounds. When should raw material be reordered if acceptable risk of a stock out is 3%?

Q. In doing driving forces analysis, is it sufficient to simply classify driving forces that are operating to alter industry and competitive conditions?

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Operation Management, Management Studies

Category:- Operation Management
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