Question: Fixed ordering interval (FO) policy is used to manage the inventory and replenishment of Product Z. On one of the ordering day, the on-hand inventory

Fixed ordering interval (FO) policy is used to

Fixed ordering interval (FO) policy is used to manage the inventory and replenishment of Product Z. On one of the ordering day, the on-hand inventory is 57 units and an order of 143 units is placed. The daily demand is normally distributed with a mean of 15 and a standard deviation of 5. Lead time is 4 days, and an order is placed every week (7 days). What level of service can this Fol policy achieve? Select one: a.99.67% b. 98.26% C 66.67% d. 43:82% e. 95%

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