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Question 1 Daily demand for a product is 100 units, standard deviation per day is 25 units, review period is 10 days, lead time is

Question 1

Daily demand for a product is 100 units, standard deviation per day is 25 units, review period is 10 days, lead time is 6 days, At the review time is 50 units in stock. If 98 percent service level is desired, how much units to be ordered ?

Question 2

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Given are the costs for the product A. Using a 00 Inventory model, calculate the reorder point and the order quantity. ooos Setup cost 250,00 S Annual holding cost (%) 33 % of item cost Annual demand 25,750 Average demand 515 per week Standard deviation 25 per week

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