Question: 2DS H TCD.C + TC=D R=dL Or 0,= [.. R=di + 20 funcertain demand Part A Consider an item with item cost 80 AED The

2DS H TCD.C + TC=D R=dL Or 0,= [.. R=di + 20 funcertain demand Part A Consider an item with item cost 80 AED The cost per order is 10 AED and holding costs 25% of item cost, Daily demand 4 units. The suppleres 1 to deve the products. Assume that demand is constant. Also assume that working days in a year are 165. 4 What shall be economic order quantity? il What shall be reorder point to run this inventory system? What shall be total annual cost to run this inventory system? Part Suppose that demand is uncertain. Average daily demand as a units with standard deviation of daily demandas 12 units. What would be the reorder point if you are to maintain the service level of 97% (.e. -value is 1.88). Suppose average daily demand is same as above but standard deviation of daily demand is now 24 units. How would your economic order quantity change? How many addon units of safety stock shall you carry to maintain the same service level as above? Il

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