Due Date:10.05.2021 Please Note: Cheating will not be tolerated, and incidents of dishonesty will be reported. For Joker Inc. estimate the followings, by simulation, the average number of lost sales per week for an inventory system that functions as follows: (a) Whenever the inventory level falls to or below 10 units, an order is placed. Only one order can be outstanding at a time. (b) The size of each order is equal to 20-1, where I is the inventory level when the order is placed (c) If a demand occurs during a period when the inventory level is zero, the sale is lost. (d) Daily demand is normally distributed with a mean of 5 units and a standard deviation of 1.5 units. (Round off demands to the closest integer during the simulation and, if a negative value results, give it a demand of zero.) le) Lead time is distributed uniformly between zero and 5 days, integers only. () The simulation will start with 18 units in inventory. (8) For simplicity, assume that all demands occur at 12 noon and that all orders are placed at the same time. Assume further that orders are received at 5:00 P.M., or after the demand which occurred on that day (h) Let the simulation run for 4 weeks (a month). (1) Find optimal values for reorder and order-up-to point. Every student must upload the work in an "excel" file. File name should include student's name, surname, ID number. Inbox ordering cost: 100$/order, inventory holding cost:50$/unit, lost sales cost: 70$/unit E. OPEN If you don't want to receive emails from Classroom, you can unsubscribe.