Question: A hospital is currently using a continuous review system to control its inventory. One of the items in inventory is an elastic band. The average

A hospital is currently using a continuous review system to control its inventory. One of the items in inventory is an elastic band. The average demand for this item is 162 boxes per week, and the standard deviation in weekly demand is 32 boxes. If the lead time is 3 weeks and the hospital wants a 99 percent cycle-service level, what is the reorder point for this item? Round your answer to the nearest whole number.

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