Question: Question 6 0/1 pts Gap currently has three retail stores in San Fernando Valley, CA. Daily demand for each store follows normal distribution and the

Question 6 0/1 pts Gap currently has three retail

Question 6 0/1 pts Gap currently has three retail stores in San Fernando Valley, CA. Daily demand for each store follows normal distribution and the demand details are listed below. Northridge Woodland Hills Sherman Oaks Demand mean 100 150 120 Demand SD 19 26 18 Gap manages all inventories using a continuous review policy and the supply lead time is 8 days. Gap is targeting a service level of 98% (use Z=normsinv(98%)=2.05 in your calculation). Option 1: with the current setting, how much safety stock Gap should carry in San Fernando Valley? Option 2: Gap plans to consolidate the three retail stores into one super Gap store in San Fernando Valley. With consolidation, how much safety stock Gap should carry in San Fernando Valley? . Please calculate the safety stock requirement in Option 2. Input numbers only, keep 3-decimal if not exact, either round up or down is ok. You Answered 365.291 Correct Answer 213.908 margin of error +/- 0.001

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