Question: Please show your work. Thanks ! A local paint store uses a (Q, R) inventory system to control its stock levels. For a popular eggshell

Please show your work. Thanks !
Please show your work. Thanks ! A local paint
Please show your work. Thanks ! A local paint
A local paint store uses a (Q, R) inventory system to control its stock levels. For a popular eggshell indoor paint, historical data shows the distribution of annual demand is approximately normal, with a mean of 468 cans and variance of 1872, expressed as ~ N (468, 1872). Replenishment lead time for this paint is about 14 weeks. Each can of paint costs the store $6. The fixed cost of replenishment is $45 per order and holding costs are based on a 20% annual interest rate. What is the reorder point under a 97-percent service level

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