Question: Demand follows a normal distribution, and a manager uses a Periodic Review policy with a service level of 95%. A new order is placed

Demand follows a normal distribution, and a manager uses a Periodic Review

Demand follows a normal distribution, and a manager uses a Periodic Review policy with a service level of 95%. A new order is placed every Monday. This Monday, the manager increased the Target Inventory Level (TIL) to twice the previous level. It follows that the order quantity this Monday is lower than it would have been with the old value of TIL unchanged higher than it would have been with the old value of TIL

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