Question: 3 . Finally, analyze the inventory decision for raw material eggs. Assume daily demand follows normal distribution with mean 1 6 0 0 and standard

3. Finally, analyze the inventory decision for raw material eggs. Assume daily demand follows normal distribution with mean 1600 and standard deviation 400. Apply EOQ to determine the optimal order quantity. Given target service level 99.87%(3-sigma), determine the safety stock, reorder point, and average inventory. Perform the same analysis for target service level 84.13%(1-sigma) and 97.72%(2-sigma).

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