Question: Assume that everything is the same as in QUESTION 1 . This includes the annual demand information for the decoration lamp, that is , the

Assume that everything is the same as in QUESTION

1 .

This includes the annual demand information for the decoration lamp, that is

,

the annual demand for the decoration lamp is estimated to be normally distributed with mean

1000

and standard deviation

200 .

However, we assume that the operations manager at Yeo GM Trading reviews its inventory every nine months and uses a periodic review policy. An order is placed after each review.

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