Question: A firm uses a fixed time period model to manage a type of bolts they keep in inventory. The average daily demand for the bolts
A firm uses a fixed time period model to manage a type of bolts they keep in inventory. The average daily demand for the bolts is 56 with a standard deviation of 3. An order is placed every 35 days and is received 9 days later. They use a 99 percent service level and currently have 86 on hand. How many should they order? Do not round intermediate calculations. Round your answer to a whole number
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