Question: Question 2 ( 1 6 Points ) Glue Store is open 3 0 0 days per year. Daily demand for one particular glue appears normally

Question 2(16 Points)
Glue Store is open 300 days per year. Daily demand for one particular glue appears normally distributed with a mean of 150 units and a standard deviation of 50 units. The cost of ordering this glue is $300 per order, and the carrying cost is $5 per unit per year. Lead time is 4 days.
Using the mean daily demand, what is the EOQ, and what is the inventory holding cost?
Considering the demand uncertainty, what reorder point (ROP) will provide a fill rate of 99%?
You must show the procedures clearly to answer the questions. Showing only answers without procedures will be graded as zero.
Question 2(16 Points) Glue Store is open 300 days per year.

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