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 53 with a standard deviation of 6. An order is placed every 35 days and is received 2 days later. They use a 99 percent service level and currently have 92 on hand. How many should they order? Do not round intermediate calculations. Round your answer to a whole number. Your Answer:

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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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 53 with a standard deviation of
6.
An order is placed every 35 days and is received 2 days later. They use a 99 percent
service level and currently have 92 on hand. How many should they order?
Do not round intermediate calculations. Round your answer to a whole number.
Your Answer:
Answer
Transcribed Image Text: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 53 with a standard deviation of 6. An order is placed every 35 days and is received 2 days later. They use a 99 percent service level and currently have 92 on hand. How many should they order? Do not round intermediate calculations. Round your answer to a whole number. Your Answer: Answer
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