Question: this is the entire question Question 7: Management has stated that it will tolerate one stockout per year. The forecast of annual demand for a

this is the entire question this is the entire question Question 7:

Question 7: Management has stated that it will tolerate one stockout per year. The forecast of annual demand for a particular SKU is 500,000 units, and it is ordered in quantities of 25,000 units. The lead time is 1 week. Sales history for the past 8 weeks follows. Calculate: a. Sigma for the demand history time interval. [3 Marks] b. The service level. (1 Mark] c. The safety stock required for this service level. (1 Mark] d. The order point. (1 Mark] 1 3 4 6 7 2 4,400 5 5,600 8 4,600 4,000 4,800 4,100 3,700 3,900 Week Actual Demand Deviation Deviation Squared

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