Question: 2 Course: MAT 221 QUANTITATIVE X BMS 502 Quantitative Technique: X 9 New Tab X + X C A elearning.zetech.ac.ke/course/view.php?id=2188 ... Zetech Digital School My

2 Course: MAT 221 QUANTITATIVE X BMS 502 Quantitative Technique: X 9 New Tab X + X C A elearning.zetech.ac.ke/course/view.php?id=2188 ... Zetech Digital School My courses (13) My Courses News and Announcement Learner Support Our Contacts Library Progression v b) Autospares Lid is a supplier of motor vehicle spares parts. The daily demand for the spare parts is uncertain but past Hide sidebars records of the demand have the following probability distribution: Demand("000"units) 0 1 2 3 4 Course dashboard Probability 0.25 0.50 0.15 0.05 0.05 IN The company has a re-order policy of ordering 5,000 spare parts at a re-order level of 3,000 spare parts. The lead time for an order is 3 days and the ordering costs amount to sh1, 600 per order. The carrying cost is sh100 per spare part per day and the stock-out cost is sh4, 000 per spare part. Required: Simulate the average daily total cost of inventory over 10 days assuming an initial stock of 5,000 spare parts. Use the random numbers: 09, 68, 29, 53, 87, 98, 62, 82, 37, and 35. (10 marks) X How can we help you? CAT 2: 04.08.2021 Leave us a message

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