Question: Part 2 : Enter the requested information into the yellow cells. Round off to 1 decimal point ( Use the data given below for questions

Part 2: Enter the requested information into the yellow cells. Round off to 1 decimal point
(Use the data given below for questions referring to Part 2)
EOQ 250 units
Daily Demand 25 units per day
Lead time in days 10 days
Desired service level should be at least 95.50%(note: Look up z-value in table)
Standard Deviation of Demand during lead time and review period 10 see note below
(note this is not the daily sd of demand, but the sd over the entire review period + lead time)
Inventory Position 212 units in stock
Part 2, Question 1: What is the optimal review period? days
Part 2, Question 2: What is the target Inventory level? units
Part 2, Question 3: How much should ordered? units

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