Question: a. Average daily demand for a product is normally distributed with a mean of 6 units and a standard deviation of 2 units. Lead time

a. Average daily demand for a product is normally distributed with a mean of 6 units and a standard deviation of 2 units. Lead time is fixed at four days. What is the reorder point if there is no safety stock

b. Average daily demand for a product is normally distributed with a mean of 6 units and a standard deviation of 2 units. Lead time is fixed at 2 days. What is the safety stock if the service level is 80%? Answer to two decimal places.

c. Average daily demand for a product is normally distributed with a mean of 5 units and a standard deviation of 2 units. Lead time is fixed at 8 days. What is the reorder point if service level is 80%? Answer to 2 decimal places.

d. You have a product with an EOQ of 1500, annual demand of 29500, and total annual inventory costs of 2500. Your facility works 300 days per year. What is your annual holding cost per unit? If there is insufficient data to answer just enter 0, otherwise provide the holding cost to two decimal places.

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