Question: Inventory System Problem Parameters Daily demand for an an inventory item is normally distributed with average value of 34 units per day The standard deviation

Inventory System Problem Parameters Daily demand for an an inventory item is normally distributed with average value of 34 units per day The standard deviation of daily demand is 5 The item is used 365 days per year We buy the item for $60 per unit Each time we order, we incur fixed ordering costs of $125 peborder Our annual carrying cost rate is 25% When we order replenishment inventory, the order lead time is 6 days The ordering policy currently being used is: Whenever inventory position falls to R = 230 units, an order is placed for Q=680 units Question 13 5 pts Using the information on the "Inventory System Problem" tab of the Exam 2 Question Parameters workbook: Under the ordering.policy currently in use, what is the service level? PROVIDE YOUR ANSWER BELOW. AND CLEARLY LABEL YOUR FINAL ANSWER. SHOW YOUR WORK BELOW, OR IN A SEPARATE DOCUMENT UPLOADED TO Exam 2: File Submissions. Edit View Insert Format Tools Table 12pt Paragraph ev Tv

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