Question: Please show detailed step by step solution 5) The daily demand for a product at Petes Store is 2,525 with a standard deviation of 500.

Please show detailed step by step solution

5) The daily demand for a product at Petes Store is 2,525 with a standard deviation of 500. The lead time is 5 days and the lot size is 13,500 units. To ensure the product never runs out, a safety inventory of 750 products is kept.What is the expected shortage per cycle under this policy? (report your answer to 2 decimal places)

6) Based on the Petes Store problem presented above, what is the fill rate under the given policy? (report your answer to 4 decimal places)

8)Based on the Petes Store problem presented above, what safety stock should be held to put the fill rate at 0.97? (report your answer as an integer)

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