Question: Inventory Management Model: Multi-period model- Fixed Time Period Model (P- model) Daily demand for a product is 170 units, with a standard deviation of 30

Inventory Management Model: Multi-period model- Fixed Time Period Model (P- model) Daily demand for a product is 170 units, with a standard deviation of 30 units. The review period is 5 days and the lead time is 2 days. At the time of review, there are 20 units in stock. a. If 95 percent service probability is desired, how many units should be ordered? (Use Excel's NORM.S.INV() function to find the z value. Round z value to 2 decimal places and final answer to the nearest whole number.) Order quantity---- units (enter the numbers only) A/ b. What is the most quantity the product will ever be ordered? (Round the final answer to the nearest whole number.) Order quantity____ units (enter the numbers only). A

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