Question: Consider a periodic review system, where orders are placed every 2 2 days. The firm strives to provide a 9 5 . 0 5 %

Consider a periodic review system, where orders are placed every 22 days. The firm strives to provide a 95.05% cycle service level. Demand averages 415 units per day, and the standard deviation of demand per day is 107 units. Lead time is 11 days(round Z-values, standard deviations to two decimal places).
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Part 1
a. How many units of safety stock should be held?
enter your response here units(round your response to the nearest integer).
b. What should the target inventory level(order-up-to level) be?
enter your response here units(round your response to the nearest integer).
c. Suppose that it is time to review the item. There are 171 units in inventory, and there is an outstanding backorder for 433 units. An order for 119 units is on the way. How many units should be ordered now?
enter your response here units(round your response to the nearest integer).

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