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Q. a shop owner uses a reorder point approach to restocking a certain raw material. Lead time is six days. Usage of the material during lead time is normally distributed with a mean of 42 pounds also a standard deviation of 4 pounds. When should the raw material be reordered if the acceptable risk of a stock out is 3percent?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9311087

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