Clark Lawnmower Supply, Inc. stocks everything retail garden stores require for lawnmower repairs. A particular mower blade

Question:

Clark Lawnmower Supply, Inc. everything retail garden stores require for lawnmower repairs. A particular mower blade has been very popular with local garden stores as well as those who buy on the Internet from hardware stores. The cost to place orders with the supplier is $30/order; the demand averages 12 blades per day, with a standard deviation of 6 blades; and the inventory holding cost is $8.00/blade/year. The lead time from the supplier is five days, with a standard deviation of two days. It is important to maintain a 98-percent cycle-service level to properly balance service with inventory holding costs. Use a continuous-review inventory system for this item.
a. What order quantity should be used?
b. What reorder point should be used?
c. What is the total annual cost for this inventory system? Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...