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Business, 04.05.2021 02:10 cristinavalencia03

The annual demand for a product is 14,400 units. The weekly demand is 277 units with a standard deviation of 80 units. The cost to place an order is $28.00, and the time from ordering to receipt is eight weeks. The annual inventory carrying cost is $0.10 per unit. a. Find the reorder point necessary to provide a 95 percent service probability. (Use Excel's NORM. S.INV() function to find the z value. Round z value to 2 decimal places.)

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