Question: Problem 3 (10 pts) A hardware store counts the packages of screws, bolts and nails every Monday morning and then places an order to replenish

Problem 3 (10 pts) A hardware store counts the
Problem 3 (10 pts) A hardware store counts the packages of screws, bolts and nails every Monday morning and then places an order to replenish its supply. The service level for the store is 98%. Determine the order size for each item given the table below. Average Daily Standard Quantity Item Demand Deviation Lead Time (days) Screws 30 149 2 Bolts 40 7 375 1 Nails 55 3 237 on Hand 4 Qscrews = QBolts = QNails =

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