A car dealer that faces demand for 7,000 cars per year, and that it costs $14,000 to have the cars shipped to the dealership. Holding cost is estimated at $600 per car per year. How many times the dealer order and what should be the order size? In EOQ. If the demand = 7000 car/year and the lead time to receive cars is 15 days? (When should you place your order) Recall that the lead time is 15 days and the expected yearly demand is 7000. You estimate the standard deviation of daily demand to be od 6. When should you re-order if you want to be 95% sure you don't run out of cars? Discuss every result of the above questions? II: Calculate the periodic review system by using the given equation. If you now that; 2 - 6 bottles per day , -1.2 bottles 1-65 days L-7 days 16 bottles z=1.65 (for 95% service level)