(Answered) : A product costs SXXH $ 2.95 per unit. The annual holding cost rate is 20%. A fixed-quantity model recommends an order quantity o

A product costs SXXH $ 2.95 per unit. The annual holding cost rate is 20%. A fixed-quantity model recommends an order quantity of 300 units per order.

1.If lead time is one week and the lead-time demand is normally distributed with a mean of 150 units and a standard deviation of 40 units, what is the reorder point if the firm is willing to tolerate a 1% chance of stockout on any one cycle?

2.What safety stock and annual safety stock cost are associated with your recommendation in part (1)?

3.What is the recommended replenishment level for a periodic-review system if the firm