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1.For the following scenario, find the order point (R) needed to provide 95% service level;Average daily demand = 29 units. Standard deviation of daily demand
1.For the following scenario, find the order point (R) needed to provide 95% service level;Average daily demand = 29 units. Standard deviation of daily demand = 5.7 units. Lead time = 3 days (constant).;Be sure to display any important intermediate calculations necessary to find your answer.;
2.How much safety stock is being carried in the policy you found above?;
3.;Suppose instead we decide to carry 20 units of safety stock. What order point (R) will be required? What is the predicted service level under this policy?
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