Lowland Appliance replenishes its stock of color TVs three times a year. Each order takes 1/9

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Lowland Appliance replenishes its stock of color TVs three times a year. Each order takes

1/9

year to arrive. Annual demand for color TVs is N(990, 1,600). The cost of holding one color TV in inventory for one year is $100. Assume that all shortages are backlogged, with a shortage cost of $150 per TV. When Lowland places an order, what should the onorder inventory be?

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