Question: Bridgestone would like to develop an inventory ordering policy with 95% probability of NOT stocking out of tired at one of their retail stores. Demand

Bridgestone would like to develop an inventory ordering policy with 95% probability of NOT stocking out of tired at one of their retail stores. Demand for the tired is 5,000 per year. The store is open 365 days per year. Every two weeks, inventory is counted and a new order is placed. It takes 10 days for the tires to be delivered. Standard deviation in daily demand is 5. There are currently 150 tires on-hand. How many tires should you order?

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