Question: Question 3: Consider the (MN) inventory policy, problem. Fill the table according to the following parameters and calculate total cost. | General Parameters Distribution of

Question 3: Consider the (MN) inventory policy,

Question 3: Consider the (MN) inventory policy, problem. Fill the table according to the following parameters and calculate total cost. | General Parameters Distribution of Daily Demand Distribution of Lead Time 15 Lead Time (days) 1 Cumulative Probability Cumulative Demand Probability Probability 0 0.10 1 0.25 Probability 0.65 4 3 2 0.10 Maximum Inventory Review Period (days) Initial Inventory Least Order Quantity First Lead Time Holding Cost/item Stockout Cost/item 8 2 3 0.25 0.35 0.11 3 3 0.4 TL 4 0.19 0.9 TL Demand Ending Inventory Shortage Quantity Pending Order (Quantity) Order Quantity Random Number Lead Time (days) Days until Order Arrives o Holding Cost Shortage Cost 0 3 3 8 2 2 0.9 O 1 2 3 4 5 0.199 0.633 0.688 0.373 0.548 0.150 0.712 0.142 0.893 0.245 0.922 0.461 0.445 0.391 0.783 0.783 0.766 0.697 0.794 0.454 6 7 8 9 10 Determine the following performance measures (Show your formulation and calculation) a. Average costs b. Average ending inventory= c. Average order quantity= d. Average time to wait the order arrivals= Question 3: Consider the (MN) inventory policy, problem. Fill the table according to the following parameters and calculate total cost. | General Parameters Distribution of Daily Demand Distribution of Lead Time 15 Lead Time (days) 1 Cumulative Probability Cumulative Demand Probability Probability 0 0.10 1 0.25 Probability 0.65 4 3 2 0.10 Maximum Inventory Review Period (days) Initial Inventory Least Order Quantity First Lead Time Holding Cost/item Stockout Cost/item 8 2 3 0.25 0.35 0.11 3 3 0.4 TL 4 0.19 0.9 TL Demand Ending Inventory Shortage Quantity Pending Order (Quantity) Order Quantity Random Number Lead Time (days) Days until Order Arrives o Holding Cost Shortage Cost 0 3 3 8 2 2 0.9 O 1 2 3 4 5 0.199 0.633 0.688 0.373 0.548 0.150 0.712 0.142 0.893 0.245 0.922 0.461 0.445 0.391 0.783 0.783 0.766 0.697 0.794 0.454 6 7 8 9 10 Determine the following performance measures (Show your formulation and calculation) a. Average costs b. Average ending inventory= c. Average order quantity= d. Average time to wait the order arrivals=

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