## [answered] A local company sells many varieties of shoes. For one part

A local company sells many varieties of shoes.? For one particular line, the? company buys the shoes for \$15.00 and sells them for \$30.00.? The cost of placing an order for the shoes is \$50.00, and it takes a week before the shoes arrive.? Annual demand for the shoes is approximately normally distributed with a mean of 5,200 pairs and a standard deviation of 520 pairs.? The cost for holding shoes in inventory is \$.12 per dollar value per year.? If shoes are out of stock, the goodwill cost is estimated to be \$5.00 per pair, and the sale is lost.? Find the optimal ordering policy for the shoe company.

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