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A drugstore uses fixed-order cycles for many of the items it stocks. The manager wants a service level of 98. The order interval is 10 days, and lead...
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A drugstore uses fixed-order cycles for many of the items it stocks. The manager wants a service level of98. The order interval is 10 days, and lead time is 3 days. Average demand for one item is 69 units per day,and the standard deviation of demand is 3 units per day. Given the on-hand inventory at the reorder time foreach order cycle shown in the following table.Use Table.Cycle On Hand421499number)Determine the order quantities for cycles 1, 2, and 3: (Round your answers to the nearest wholeCycleUnits0 N