Question: A firm uses a fixed time. Model to manage a type of bolts they keep an inventory the average daily demand for the bolts is
A firm uses a fixed time. Model to manage a type of bolts they keep an inventory the average daily demand for the bolts is 57 with a standard deviation of six.
an order is placed every 14 days and has received 10 days later. They use a 99% service level and currently have 112 on hand. How much did they order?
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