QUESTION 6 Weekly demand for a particular item averages 30 units, with a standard deviation of 4. This item is managed with a periodic review policy. The review period is three weeks, and this item has a certain lead time of 2 days. The desired service level is 99 percent. What is the order-up-to inventory level (target inventory level)? (Round up to the nearest integer.) 131 O 116 138 192 O 171 QUESTION 7 Weekly demand for a particular item averages 30 units, with a standard deviation of 4. This item has a certain lead time of 2 weeks. This item is under a continuous review policy and the desired service level is 99 percent. Which of the following statements is TRUE? If a new order is placed when the inventory is 70, then the service level is below 95%. If a new order is placed when the inventory is 74, then the service level is greater or equal to the target service level. If a new order is placed when the inventory is 73, then the service level is equal to the target service level. If a new order is placed when the inventory is 60, then the service level is above 60%. None of the statements are true