Question: Please solve and I will raise the thumbs up 3. Weekly demand for OnePlus 8 Pro smart phones at an online retailer in the U.S.

Please solve and I will raise the thumbs up

3. Weekly demand for OnePlus 8 Pro smart phones at an online retailer in the U.S. is normally distributed with a mean of 4000 and a standard deviation of 1000. The wholesale price of the phone is $500 and the retail price is $700. OnePlus charges a fixed processing and delivery fee of $2000 for each order, and it takes two weeks to deliver an order. The online store is targeting a service level of 95% (z - 1.65) Assume 50 weeks per year and an annual interest rate of 20% to calculate the inventory holding cost. (Hint: not every number needs to be used in the calculations) (a) What re-order point should the online store use? (b) What should its order-up-to level be? (c) What is the average inventory level at the online store, and what is the annual inventory-related cost? (d) Suppose OnePlus only accepts orders in multiples of 500. In other words, they only ship boxes with 500 phones per box. Please re-(

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