Question: After a while, due to changes to the market and new customers, the demand of the year is not predictable anymore. However, based on the

After a while, due to changes to the market and new customers, the demand of the year is not predictable anymore. However, based on the analysis, it is known that the demand is normally distributed with mean 4000 units per year and the variance 250,000. The manager insists that stockout probability should remain under 6% in the new situation. a. At what inventory level do you place the EOQ order? b. The CEO decides to outsource producing the product. This resulted in a decrease in total costs, however, a 5-day delivery time is added. Considering the new situation, at what inventory level do you place the EOQ order? c. Considering the 5-day delivery that is mentioned in part (b), you decide to try an alternative policy. Therefore, instead of ordering a fixed

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