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4) One item a computer store sells is supplied by a vendor who handles only that...

4) One item a computer store sells is supplied by a vendor who handles only that item. Demand for that item recently changed, and the store manager must determine when to replenish it. The manager wants a probability of at least 96 percent of not having a stockout during lead time. The manager expects demand to average a dozen units a day and have a standard deviation of 3 units a day. Lead time is variable, averaging 3 days with a standard deviation of one day. Assume normality and that seasonality is not a factor. What is the reorder point to achieve the desired service level? (round to 2 decimal places)

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Answer:--- Date:---14/11/2019

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