Question: Jills Department Store would like to develop an inventory ordering policy of a 90% probability of not stocking out. To illustrate your recommended procedure, use

Jills Department Store would like to develop an inventory ordering policy of a 90% probability of not stocking out. To illustrate your recommended procedure, use as an example the ordering policy for the white percale sheets. Demand for the percale sheets is 3000 per year. The store is open 365 days a year. Every 28 days inventory is counted and a new order is places. It takes 11 days for the sheets to be delivered. Standard deviation for the demand for the sheets is 4 per day. There are currently 180 sheets on hand. How many sheets should you order?

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