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Question 2 (30 points): Suppose the firm uses a periodic review policy and inventory is reviewed every 7 days. And there is no lead time.
Question 2 (30 points): Suppose the firm uses a periodic review policy and inventory is reviewed every 7 days. And there is no lead time. 1. Find the order-up-to level (OUL) that results in a cycle service level of 95%. (20 points) 2. If there are 200 units in stock at the time of the current inventory review, how many units should be ordered (i.e., what is the order size)? [10 points]
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