Question 1 9.0 points possible (graded, results hidden) Kitchen and Beyond, a US-based retail store chain that sells all kinds of kitchenware, is rethinking its inventory strategy. They have decided to start with the white tableware, a pretty standard product sold in boxes of 24. Kitchen and Beyond pays its suppliers $10 per box. The lead time for receiving an order is 2 weeks. Kitchen and Beyond takes ownership of the boxes the moment they leave the supplier's facility. The ordering cost is $100 per order and the holding cost is 15% per year. The annual demand for this product (in boxes) is normally distributed with a mean of 1189 and a standard deviation of 399. (Assume 48 weeks in a year) Two different inventory policies have been proposed by different teams at the company: Policy 1: (51, Q1): (50,130) Policy 2: (s2, 92): (75,100) You firmly believe that you can propose a better inventory policy. Calculate the optimal inventory policy to achieve a CSL of 90%. Reorder point 53: Round your answer to the nearest integer. Order quantity 03: Round your answer to the nearest integer. Question 1 9.0 points possible (graded, results hidden) Kitchen and Beyond, a US-based retail store chain that sells all kinds of kitchenware, is rethinking its inventory strategy. They have decided to start with the white tableware, a pretty standard product sold in boxes of 24. Kitchen and Beyond pays its suppliers $10 per box. The lead time for receiving an order is 2 weeks. Kitchen and Beyond takes ownership of the boxes the moment they leave the supplier's facility. The ordering cost is $100 per order and the holding cost is 15% per year. The annual demand for this product (in boxes) is normally distributed with a mean of 1189 and a standard deviation of 399. (Assume 48 weeks in a year) Two different inventory policies have been proposed by different teams at the company: Policy 1: (51, Q1): (50,130) Policy 2: (s2, 92): (75,100) You firmly believe that you can propose a better inventory policy. Calculate the optimal inventory policy to achieve a CSL of 90%. Reorder point 53: Round your answer to the nearest integer. Order quantity 03: Round your answer to the nearest integer