Question: John's uses a fixed order interval inventory system. Demand per day is 5 units with a standard deviation of 2 units per day. Lead time
John's uses a fixed order interval inventory system. Demand per day is 5 units with a standard deviation of 2 units per day. Lead time has been shown to be 8 days. John's believes reviewing the inventory level every 6 days is the ideal policy, and that a service level of 97% is acceptable. If the current inventory position is 46 units, and it is time to place an order, what order quantity should be placed
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