a) Is Master Production Schedule (MPS) a suitable approach to used for forecasting? Justify your answer. (3 markah/marks) b) Based on the information given in Table Q3, compute the information below which are required to develop the inventory control system. (i) Determine the safety stock required. (1 markah/marks) (ii) Determine the reorder point. (1 markah/marks) Determine customer service level for this policy. (3 markah/marks) (iv) What can you conclude on the decision rule that need to be established in developing the inventory control system? (2 markah/marks) Jadual S3/Table 03 Average demand during lead time (unit) 1,500 1 Lead time (month) Economic order quantity (unit) 2,000 1 Forecast interval (month) 38 Mean absolute deviation of forecast error Desired probability of stocking out 0.082