Business, 25.04.2020 01:14 genyjoannerubiera

An ice cream shop sells an average of 700 cups of ice cream per week. The shop works 7 days a week. Lead time is 4 days. Demand appears normally distributed with a standard deviation of 5 cups per day. The acceptable risk of stock out is 10%. Based on the fixed order quantity model, what should be the reorder point? The reorder point should be an integer.

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An ice cream shop sells an average of 700 cups of ice cream per week. The shop works 7 days a week....