Question: Please show work if possible so I can understand. An Italian restaurant uses 2,600 bottles of an imported wine each year. The restaurant operates 50

Please show work if possible so I can understand. An Italian restaurant

Please show work if possible so I can understand.

An Italian restaurant uses 2,600 bottles of an imported wine each year. The restaurant operates 50 weeks per year, and the average weekly demand of the imported wine is 52 bottles. The standard deviation of demand during lead time L=40 bottles, and the lead time is four weeks for an order to arrive. The restaurant manager would like to use a Fixed - Order Quantity inventory system which minimizes inventory cost and provides a 97 percent service probability. At what inventory level (reorder point) should the manager place an order

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