Question: 2. Consider an inventory system, where the initial stock is 10. The demand as well as the lead times are random variables. Demand 516 43

2. Consider an inventory system, where the initial stock is 10. The demand as well as the lead times are random variables. Demand 516 43 Probability 0.36 0.54 0.07 0.03 Lead time 2 3 4 Probability 0.60 0.250.15 There are three reorder points, RP1, RP2 and RP3 at levels of 12 units, 8 units and 4 units respectively whereas three reorders, quantity of Yunits, Sunits and 3units respectively, can be outstanding at a time. Find the service level and the average stock held for the given reorder points and the reorder quantity. Simulate the system for 15 days

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