Question: Please answer both questions thanks Given the following information, determine the amount to order using the fixed-interval model. (Round your answer to a whole number.)
Please answer both questions thanks


Given the following information, determine the amount to order using the fixed-interval model. (Round your answer to a whole number.) d=29unitsperdayd=3unitsperdayLT=4daysDesiredservicelevelAmountonhandatreordertimeOI=0.90percent=64units=7days Burger Prince buys top-grade ground beef for $.80 per pound. A large sign over the entrance guarantees that the meat is fresh daily. Any leftover meat is sold to the local high school cafeteria for 50 cents per pound. Four hamburgers can be prepared from each pound of meat. Burgers sell for 60 cents each. Labor, overhead, meat, buns, and condiments cost 40 cents per burger. Demand is normally distributed with a mean of 380 pounds per day and a standard deviation of 25 pounds per day. What daily order quantity is optimal? (Hint: Shortage cost must be in dollars per pound.) (Round your answer to 1 decimal place.) Use Table
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