Question: OneBite technology an online electronics retailer with a central depot in Calgary, A.B, buy a steady-selling doorbell camera from the manufacturer at $50/unit. The weekly

OneBite technology an online electronics retailer with a central depot in Calgary, A.B, buy a steady-selling doorbell camera from the manufacturer at $50/unit. The weekly average demand is 60 units and a standard deviation of 12 units per week. Onebite wants to target a 94% service level. The shipment from the manufacturer arrives 1 week after the order was placed. The fixed ordering cost is $100 per order and the annual holding cost rate is 30% of the unit purchasing cost. There are 52 weeks/year.

1. If orders are placed whenever the inventory level reaches 70 units, what would be the implied service level? please show all your work

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