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Business, 22.03.2021 18:00 SPDrac0

Riverside Ralphs' popular product is bottled water during summer months. It observes a weekly demand of 200 boxes of bottled water with a standard deviation of 50 boxes. The cost of placing an order is $200, and the time from ordering to receipt is 2 weeks. The procurement cost (wholesale price) of the product is $20. The annual inventory carrying cost is 10% of the procurement cost of the product. What is the reorder point if it wants to achieve a service level of 95%

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Riverside Ralphs' popular product is bottled water during summer months. It observes a weekly demand...
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