Question: Additional Algo 1 1 - 4 On - Order Quantity A fabricating shop orders supplies every 5 days. The lead time for deliveries is 8

Additional Algo 11-4 On-Order Quantity
A fabricating shop orders supplies every 5 days. The lead time for deliveries is 8 days. Demand for oxygen averages 29 pounds per day with a standard deviation of 3.2 pounds. The holding cost for oxygen is $0.55 per pound per day. The fabricating shop wants to achieve an in-stock probability rate of 90% for oxygen.
On average, how many pounds of oxygen will the fabricating shop have on order?

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