macandcheese5214 macandcheese5214

06-06-2023
Business

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A product with an annual demand of 1,000 units has C = $24.50 and C = $7. The demand exhibits some variability such that the lead-time demand follows a normal probability distribution with μ= 25 and σ = 5.
(a) What is the recommended order quantity? (Round your answer to the nearest integer.)

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