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

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General Management

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

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