Question: please answer chronologically You are serving as an inventory consultant for Office Max Warehouse. They are interested in an inventory policy for a popular stapler

please answer chronologically
please answer chronologically You are serving as
You are serving as an inventory consultant for Office Max Warehouse. They are interested in an inventory policy for a popular stapler that they stock. Weekly demand for the stapler is normally distributed with a mean of 130 and a standard deviation of 15. The warehouse purchases the staplers for $7.25 and sells them for $10.75. Their supplier requires a 3 week order lead time. The warehouse accountant estimates an ordering cost of $55 per order and a 22% annual interest rate for determining holding costs. The accountant has also estimated a penalty cost of $9.50 per unit when the staplers are not available: Assume 52 weeks per year and 12 months per year. 1. (8 points) Find (QR) using a Type 1 Service Level of 95% 2.65 points) What is the imputed penalty cost if we are looking for a Type 1 Service Level of 95%? 3. (5 points) How will the imputed penalty cost change is we are targeting on an even higher Type 1 Service Levelle.8. 98%)? Explain your reasons

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