Question: 24) A manager has just received a revised price schedule from a vendor. What order quantity should the manager use in order to minimize total

24) A manager has just received a revised price schedule from a vendor. What order quantity should the manager use in order to minimize total costs? Annual demand is 120 units, ordering cost is $10, and annual carrying cost is $1 per unit. Quantity Unit Price 1-59 $15 60.99 $14 100 or more $13 I 25) A bakery's use of com syrup is normally distributed with a mean of 50 gallons per day and a standard deviation of 5 gallons per day. Lead time for delivery of the syrup is normal with a mean of 4 days and a standard deviation of 2 days. The manager reorders when his inventory drops to 300 gallons. What cycle service level is implied by this policy

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