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(s,Q) Inventory Model AUtailer sells umbrellas and experiences demand that follows a normal distribution with a weekly mean of 100 umbrellas and a weekly standard
(s,Q) Inventory Model AUtailer sells umbrellas and experiences demand that follows a normal distribution with a weekly mean of 100 umbrellas and a weekly standard deviation of 20 umbrellas. The cost of each umbrella is $15 and the annualized WACC (weighted average cost of capital) for AUtailer is 20%. Once an order is issued, it is delivered in 5 days. AUtailer works for 50 weeks a year. AUtailer uses (s,Q) model to manage its umbrella inventory and determines the order quantity for each order placed according to EOQ. If AUtailer would like to be in stock 95% of all reorder periods, what would be the inventory level that AUtailer should issue an order
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