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Q3. Annual demand is 16000 units, cost per order is $75 and carrying cost per unit as a percentage is 10%. The company works 250

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Q3. Annual demand is 16000 units, cost per order is $75 and carrying cost per unit as a percentage is 10%. The company works 250 weeks a year; the lead-time on all orders placed is 6 working days. 1.Assuming constant lead-time demand, and a unit cost of $45 what is the economic order quantity? What is the reorder point. 2.]f lead-time demand shows variability that follows a normal distribution with a mean P 2420 and a standard deviation o =20, what will the revised reorder point if two stock-outs (shortages) are allowed? 3. What is the company's reorder point if the probability of a stock-out on an};r cycle is restricted to 0.05

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