Question: Please help me solve this problem in a clear way, thanks! 6. (14%) A company use uses continuous-review system, with Q=100. Annual demand for an

Please help me solve this problem in a clear way, thanks!

6. (14%) A company use uses continuous-review system, with Q=100. Annual demand for an item is normal with mean 1000 and standard deviation 200. The reorder lead time is 0.5 month. It is desirable to set a service level such that there is an average of not more than one stockout a year. a. What should the level of safety stock be? b. What should the safety stock be if it is desirable to set a service level to meet a least 90% of the units demanded during a typical lead time

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