You have been the inventory manager at Malmart Distribution Center. You have estimated that the annual demand for passenger car tires is 200,000 units. Placing an order costs $300. Cost to hold a tire is $3 per year. Cost per tire is $70. (a) How much (0") and how often do you need to order and fulfill the demand? 0*: T*: (b) At the end of your first year of managing, you realize that the demand is variable. However, the average annual demand is still 200,000 with a standard deviation of 5.6 tires per day. The tires supplier cannot deliver the products on the same day. The average lead time is now 20 days with a standard deviation of 4.1 days. You consider a 95% Service Level to satisfy customers. What is the Reorder Point (ROP)? ROP: (c) You also want to test OUT model. The review process, T, is 50 days. Assume that the on- hand inventory is 10.000 tires. What is the OUT inventory level and the Order Quantity (Q)? (Hint. Use the information in Part b to find the value for the remaining parameters.) OUT