Question: What does this mean A firm uses a fixed time period model to manage a type of bolts they keep in inventory. The average daily

What does this mean
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 40 with a standard deviation of 6.
An order is placed every 14 days and is received 7 days later. They use a 99 percent service level and currently have 70 on hand. How many should they order?
Round your answer to a whole number.
Your Answer:
Answer
What does this mean A firm uses a fixed time period

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