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Thank you for the help! a. Determine the order quantity and reorder point. Note: Use Excel's NORMSINV() function to find the correct critical value for
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a. Determine the order quantity and reorder point. Note: Use Excel's NORMSINV() function to find the correct critical value for the given a-level. Do not round intermediote calculations. Round " z " value to 2 decimal places ond final answer to the neorest whole number. b. Determine the annual holding and order costs Note: Do not round any intermedlate colculotions. Round your final answers to 2 decimal ploces. c. Assume a pnce break of $50 per order was offered for purchase quantties of 2,200 or more units per order If you took advantage of this price break, now much would you save annualy? Note: Do not round any intermediate colculations (including number of setups per year). Round your final onswer to 2 decimal places Step by Step Solution
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