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H4. A factory orders supplies every 6 days. The lead time for deliveries is 7 days. Demand for steel averages 16 pounds per day with

H4.

A factory orders supplies every 6 days. The lead time for deliveries is 7 days. Demand for steel averages 16 pounds per day with a standard deviation of 1.9 pounds. The holding cost for steel is $0.53 per pound per day. The restaurant wants to achieve an in-stock probability rate of 99.5% for steel.

On average, how many pounds of steel will the factory have on hand?

Note: Round your answer to 1 decimal place.

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