Question: 1 . Weekly demand for laptops at a computer retail store is normally distributed with a mean of 5 0 0 and a standard deviation

1. Weekly demand for laptops at a computer retail store is normally distributed with a mean of 500 and a standard deviation of 220. The supplier takes two weeks to supply a retail store order. The store manager is considering following a periodic review policy to manage inventory of laptops. She plans to order every three weeks.
If the store manager wants to keep its 97 percent cycle service level, how much safety inventory should the store carry? (10 points)
What should be its base-stock level be?

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