Question: Consider a continuous review inventory system. Demand is normally distributed with an average of 5000 per month and a monthly standard deviation of 300 units.

Consider a continuous review inventory system.

Consider a continuous review inventory system. Demand is normally distributed with an average of 5000 per month and a monthly standard deviation of 300 units. Lead time is 8 weeks (assume four weeks per month). Please round Z-values and standard deviations to two decimal places. If the firm desires a(n) 98.30% cycle service level, it should hold units of safety stock (round your response to the nearest integer)

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