a$.$ What base stock level should Iven choose for CFPs if his goal is to minimize holding and back$-$order costs? $[16.$

$7]$

b$.$ Suppose the base stock level $2,800$ is chosen. What is the average amount of inventory on order? $[16\mathrm{.}5]$

c$.$ Suppose the base stock level $2,800$ is chosen. What is the annual holding cost? $($Assume $260$ days per year.$)[1$

$6\mathrm{.}5]$

d$.$ What base stock level minimizes inventory while maintaining a $97$ percent in$-$stock probability? $[16\mathrm{.}6]$