Question: AQ 3 . Inventory Management ( 1 0 marks ) A retail store needs to determine the optimal ordering policy for a kind of carbonated
AQ Inventory Management marks
A retail store needs to determine the optimal ordering policy for a kind of carbonated drinks. The lead time is weeks. Weekly demand is normally distributed with a mean of bottles and a standard deviation of bottles.
marks In order to achieve a service level, how many bottles of carbonated drinks should the store keep as the safety stock? And at what inventory level should the store start placing an order?
marks What service level can be achieved if the store always starts placing an order when the number of bottles drops to bottles?
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