Question: Using a periodic review model, and given an average daily demand of 200 units, 4 days between inventory reviews, 5 days for lead time, 100

  1. Using a periodic review model, and given an average daily demand of 200 units, 4 days between inventory reviews, 5 days for lead time, 100 units of inventory on hand, a z of 1.96, and a standard deviation of daily demand of 3 units, which of the following is the order quantity?
    1. About 1,800
    2. About 1,753
    3. About 1,818
    4. About 1,718
    5. About 2,686

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