Question: A restaurant uses the continuous-review inventory model to replenish its inventory. The demand during the lead time is Normally distributed with an average of 50

A restaurant uses the continuous-review inventory model to replenish its inventory. The demand during the lead time is Normally distributed with an average of 50 sandwiches and a standard deviation of 10. If we consider a zero safety stock, what is the reorder point? Note: Express the service level as a number between 0 and 1 and keep two decimal places. For example, if the service level is 0.6767=67.67%, enter 0.67. What should be the reorder point to ensure that the no stockout probability of 95%?

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