Cooper is a car rental company, with a normally distributed daily demand DN ( = 1100,
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Cooper is a car rental company, with a normally distributed daily demand DN( = 1100,2 = 2502). It needs to decide the fleet size S (the number of cars); each car in the fleet incurs daily cost $55, regardless of usage. In case of shortage, Cooper borrows from Herts, at unit cost $80 per car (other costs are zero). What is the optimal fleet size?
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