$4$Smartphone Inventory Management A retailer manages inventory for $a$

smartphone with the following data:

Formulas$4$

Daily Demand $=$ Annual demand $$ Operating days per year

Safety Stock $=z{}_d\sqrt[\phantom{2}]{L}$ead time $,$ where $z=1\mathrm{.}65$ for $a95\%$ service

level

Tasks

$(a)$ Calculate the average daily demand. Round $to$ two decimal places.

$(b)$ Calculate the safety stock required for $a95\%$ service level. Round $to$

the nearest whole number.

Note: Show all calculations clearly.

Jacket Inventory Management A retailer manages inventory for a jacket

with the following data:

Formulas

Daily Demand $=$ Annual demand $$ Operating days per year

Safety Stock $=z{}_d\sqrt[\phantom{2}]{L}$ead time $,$ where $z=1\mathrm{.}96$ for $a97\mathrm{.}5\%$ service

level

Tasks

$(a)$ Calculate the average daily demand. Round $to$ two decimal places.

$(b)$ Calculate the safety stock required for $a97\mathrm{.}5\%$ service level. Round $to$

the nearest whole number.

Note: Show all calculations clearly. Car Battery Inventory Management A retailer manages inventory for $a$

car battery with the following data:

Formulas

Daily Demand $=$ Annual demand $$ Operating days per year

Safety Stock $=z{}_d\sqrt[\phantom{2}]{L}$ead time $,$ where $z=1\mathrm{.}65$ for $a95\%$ service

level

Tasks

$(a)$ Calculate the average daily demand. Round $to$ two decimal places.

$(b)$ Calculate the safety stock required for $a95\%$ service level. Round $to$

the nearest whole number.

Note: Show all calculations clearly. Medical Kit Inventory Management A retailer manages inventory for $a$

medical kit with the following data:

Formulas

Daily Demand $=$ Annual demand $$ Operating days per year

Safety Stock $=z{}_d\sqrt[\phantom{2}]{L}$ead time $,$ where $z=1\mathrm{.}96$ for $a97\mathrm{.}5\%$ service

level

Tasks

$(a)$ Calculate the average daily demand. Round $to$ two decimal places.

$(b)$ Calculate the safety stock required for $a97\mathrm{.}5\%$ service level. Round $to$

the nearest whole number.

Note: Show all calculations clearly. Bicycle Inventory Management A retailer manages inventory for a bicy$-$

cle with the following data:

Formulas

Daily Demand $=$ Annual demand $$ Operating days per year

Safety Stock $=z{}_d\sqrt[\phantom{2}]{L}$ead time $,$ where $z=1\mathrm{.}65$ for $a95\%$ service

level

Tasks

$(a)$ Calculate the average daily demand. Round $to$ two decimal places.

$(b)$ Calculate the safety stock required for $a95\%$ service level. Round $to$

the nearest whole number.

Note: Show all calculations clearly.Notebook Inventory Management A retailer manages inventory for a note$-$

book with the following data:

Formulas

Daily Demand $=$ Annual demand $$ Operating days per year

Safety Stock $=z{}_d\sqrt[\phantom{2}]{L}$ead time $,$ where $z=1\mathrm{.}96$ for $a97\mathrm{.}5\%$ service

level

Tasks

$(a)$ Calculate the average daily demand. Round $to$ two decimal places.

$(b)$ Calculate the safety stock required for $a97\mathrm{.}5\%$ service level. Round $to$

the nearest whole number.

Note: Show all calculations clearly.