Question: Calculate the optimal order quantity given the following data. Note: answer number has no decimal, e.g. 123. Average demand = m = 100 units/day Standard

Calculate the optimal order quantity given the following data. Note: answer number has no decimal, e.g. 123.

Average demand = m = 100 units/day
Standard deviation = s = 8 units
Cs = cost of shortage = $1.25 $.90 = $.55
Co = cost of overage = $.50 $.45 = $.05

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