Question: I GOT 19 BUT I MIGHT BE WRONG. The new office supply discounter, Paper Clips, Etc. (PCE), sells a model of office chairs. A continuous-review

I GOT 19 BUT I MIGHT BE WRONG.

I GOT 19 BUT I MIGHT BE WRONG. The new office supply

The new office supply discounter, Paper Clips, Etc. (PCE), sells a model of office chairs. A continuous-review inventory model is used to manage the inventory of the chairs. The purchase cost of a chair is $330. The annual holding cost per unit is 49% of the purchase cost. Average annual demand is 960, and the order cost is $24 per order. The lead time is 7 days. Because demand is variable (standard deviation of daily demand is 3.1 chairs), PCE has decided to establish a customer service level of 90%. The store is open 300 days per year. What is the reorder point? Note: Only round your final answer to the nearest integer. Do not include the unit of measurement in your answer: For instance, if the answer is 15 chairs only enter 15

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