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(Solved): You manage inventory for your company and use continous review inventory system to contril reorderin ...



You manage inventory for your company and use continous review inventory system to contril reordering items for stock, Your company is open for business 3 0 0 days per year. One of your most important items experiences demand of 2 0 units per day, normally distributed with a standard deviation of 3 units per day, You experience a lead time on orders fro your supplier of six days with a standard deviation of two days. The unit price, regardless of order size, is 4 , 7 5 . Your ordering cost is 1 0 $ . Your inventory carrying cost is 2 0 percent. You have established a service policy of 9 7 . 5 percent on this item. Wat is your order quantity?



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