Question: please help me learn how to do this with steps and explanations A drugstore uses fixed-order cycles for many of the items it stocks. The
please help me learn how to do this with steps and explanations
A drugstore uses fixed-order cycles for many of the items it stocks. The manager wants a service level of 98 . The order interval is 11 days, and lead time is 3 days. Average demand for one item is 62 units per day, and the standard deviation of demand is 5 units per day. Given the on-hand inventory at the reorder time for each order cycle shown in the following table. Use Table. Sllck here for the Excel Data File Determine the order quantities for cycles 1, 2, and 3: (Round your answers to the nearest whole number.)
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