Question: Consider a periodic review inventory system with a lead time of two days and a review period of seven days. Daily demand is 600 units,

Consider a periodic review inventory system with a lead time of two days and a review period of seven days. Daily demand is 600 units, the standard deviation of daily demand is 25, and the desired cycle service level is 85%. On hand inventory is 675 units (Hint: tHE CYCLE SERVICE LEVEL IS THE PROBABILITY OF NOT STOCKING OUT) Find the z scoreassociated with a probability of 85% .... QUESTION: What is the order quantity amount? At any given time, what is the maximiun amount that would be ordered?

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