Consider periodic review inventory model

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Consider a periodic review inventory model. The daily demand is normally distributed with mean 33 and standard deviation 13. The retailer reviews inventory every 15 days, shipment lead time is 9 days. The store follows a policy of 93% service rate. Currently, there are 55 units of the product in the inventory.

The inventory ordering would be done to meet the demand of days.

The mean demand for the product addressed by the inventory policy is =

The standard deviation of demand for the period addressed by the inventory policy is =

The required or order up to inventory level is =

If the manager is to place an order at this time the order amount is =

Reference no: EM132267091

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