Question: Cyber Chemicals uses liquid nitrogen on a regular basis. Average daily dernand is 1 7 8 gallons with a standard deviation of 4 5 .
Cyber Chemicals uses liquid nitrogen on a regular basis. Average daily dernand is gallons with a standard deviation of Due to a substantial ordering cost, which is estimated to be $ per order no matter the quantity in the order Cyber currently orders from its supplier on a weekly basis. Cyber also incurs holding costs on its inventory. Cyber recognizes that its inventory is lowest at the end of the week but prefers a more realistic estimate of its average inventory. In particular, Cyber estimates its average inventory to be its average endofweek inventory plus half of its averag
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