A garage requires 100 tires daily with standard deviation of 30 units. Inventories are reviewed and...

A garage requires 100 tires daily with standard deviation of 30 units. Inventories are reviewed and orders are placed daily. lead time for order is 1 day. The holding cost per day is $0.05. The garage wishes to operate with 0.9987 in-stock probability. How many tires are on order ? on hand ?

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keosha answered 3 months ago

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