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e ) Now suppose that the English company is ready to send the mustard by a faster ship, which will reduce the replenishment lead time

e) Now suppose that the English company is ready to send the mustard by a faster ship, which will reduce the replenishment lead time to 1-month and the standard deviation of demand during that period to 17.7, but increase the cost to $15 per jar. What will be the new reorder point for 98% fill rate and 98% cycle service level, respectively?
f) What will be the optimal total inventory cost (Ordering + Holding + Purchase) before and after the decrease of lead time under 98% fill rate? What managerial insights can you get from this?

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