Question: The inventory level for an item is reviewed on a continuous basis and the retailer uses a ( q , r ) policy to manage

The inventory level for an item is reviewed on a continuous basis and the retailer uses a (q,r) policy to manage the inventory for the item. The delivery lead time for the item is 2 weeks. The weekly demand for the item is normally distributed with a mean of 800 units and a standard deviation of 10 units. Currently, the retailer places an order equivalent to 4 weeks' demand when there are 2 weeks' demand worth of inventory is left.a.[2 points] What are the current order quantity and reorder level for this item?b.[2 points] What are the parameters of demand during lead time for this item?c.[1 points] What is the implied Type I service level under the current policy?d.[1 points] What is the implied Type II service level under the current policy?

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