Question: 2. Jane's ower shop needs 187.5 clay pots a week. Annual holding cost is $0.60 per pot per year. Ordering cost is $20 per order.

2. Jane's ower shop needs 187.5 clay pots a week. Annual holding cost is $0.60 per pot per year. Ordering cost is $20 per order. The store operates 48 weeks per year. a. {5 pts) How many pots should the shop order? b. (3 pts) How many times per year should the store place an order? c. (2 pts) How many operating weeks will elapse between two consecutive orders? d. {3 pts) Calculate the total annual cost of placing orders and holding inventory. e. (7 pts) It takes 3 weeks to receive the clay pots after placing an order. The weekly demand is normally distributed with mean 187.5 and standard deviation 30. Calculate the reorder point to reach the service level of 90% during the lead time. f. {2 pts) The demand distribution is the same as in part e. Suppose that the lead time is 2 weeks. If the store wishes to carry no safety stock, what should the reorder point be

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