Question: (Please solve this problem in a Microsoft words) (Please solve this problem in a Microsoft words) PROBLEM 3 PROBLEM 3A: A PERIODIC REVIEW PROBLEM. A

(Please solve this problem in a Microsoft words)

(Please solve this problem in a Microsoft words) PROBLEM 3 PROBLEM 3A: A PERIODIC REVIEW PROBLEM. A drugstore uses a fixed-order cycles for many of its items it stocks. The manager wants a service level of 98%. The order interval is 14 days, and lead time is 2 days. Average demand for one item is 40 units per day and the standard deviation of demand is 3 units per day. Given the on-hand inventory at the reorder time for each order cycle shown in the table, determine the order quantities for cycles 1, 2, and 3. Cycle 1 2 3 On-Hand 42 8 103

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