Question: Question 12 (2 points) At a local hardware store, daily demand for winter tires is normally distributed with a mean of 50 tires and standard

Question 12 (2 points) At a local hardware store,

Question 12 (2 points) At a local hardware store, daily demand for winter tires is normally distributed with a mean of 50 tires and standard deviation of 6 tires. The source of supply is reliable and maintains a constant lead time of four days. The cost of placing the order is $20 and annual total holding costs are $1.00 per tire. Assume that the store operates 320 days a year and service level of 95%. Calculate the total holding cost (including the holding cost of maintaining the safety stock). (Round to the nearest whole number) Your Answer: Your

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