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Business, 07.07.2021 03:20 Navi18

A firm uses a continuous review (Q) inventory system. Weekly demand for a product is normally distributed with a mean of 120 units and a standard deviation of 10 units. Lead time is constant at 4 weeks. The company reordered when 506 units of the product remained. About what cycle-service level (i. e., service level over the lead time) were they trying to maintain?

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