Safari File E Edit View History Bookmarks Window B Q Wed Nov 9 9:47 PM O G RO A ezto.mheducation.com + Gcu Grand Canyon University |... Student Portal | Main h MGT-655 Class Resources x Question 13 - Topic 7 Assi... Dashboard Course Hero FOOD . Cvent Passkey..anner Portal IHI: Learning..ement System Dan & Abby |...deo on Vimeo Add to Babylist ASHLEY + STE...bsite / Blog Ashley & Ste...deo on Vimeo Roxanne & Gr...eo on Vimeo > > Topic 7 Assignment i Saved Help Save & Exit Submit Check my work 13 Problem 20-36 (Algo) 2.14 Palin's Muffler Shop has one standard muffler that fits a large variety of cars. The shop wishes to establish a periodic review system to points manage inventory of this standard muffler. Use the information in the following table to determine the optimal inventory target level (or order-up-to level). Skipped Annual demand 2,200 mufflers Ordering cost $ 55 per order Standard deviation of daily demand 6 mufflers per working day Service probability 8 8 eBook Item cost $38. 00 per muffler Lead time 5 working days Annual holding cost 23 % of item value Working days 275 per year Hint Review period 18 working days Print References a. What is the optimal target level (order-up-to level)? (Use Excel's NORMSINV() function to find the correct critical value for the given a-level. Do not round intermediate calculations. Round "z" value to 2 decimal places and final answer to the nearest whole number.) Optimal target level b. If the service probability requirement is 91 percent, the optimal target level will: Mc Graw Hill