Business Finance Homework Help

Question 1: ABC Company sell their cleaning kits in 12 x 10 boxes and it is normally distributed demand during the reorder point. Although the manager would like mean demand during the reorder period to be closer to 70 it historically has been 85 kits with a standard deviation of 30 kits. The policy is to have stockouts only 20 percent of the time. What reorder point should be used at this service level?

Question 2 and 3 in the file section.

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