Question: I want the solution by hand not using excel and please provide the formulas and detailed solution , thank u ! reorder point neccessary to

I want the solution by hand not using excel and please provide the formulas and detailed solution , thank u !

reorder point neccessary to provide a 98 percent service probabil 3. Famous Nigel Cookie shop has asked for help to determine the number of cookies he should make each day. From an analysis of past demand, it is estimated the demands for cookies as: Demand Probability of Demand 1800 dozens 0.05 2000 0.10 2200 0.20 2400 0.30 2600 0.20 2800 0.10 3000 0.05 Each dozen sells for $0.69 and costs $0.49. Cookies that are not sold at the end of the daya re reduced to $0.29 and sold the following day as day old mechandise. a. What is the optimal number of cookies to be produced? b. Solve this problem by using marginal analysis

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