Illustrate what is order point

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Q. A part used to repair machines has a normally distributed monthly demand with a mean of 65.0 and a standard deviation of 5.2. If lead-time is so predictable that it can be considered a constant 0.25 month and service level is 90 per cent:

a. Illustrate what is order point?

 

 

Reference no: EM1375178

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