Question: 5 . 3 ( ( r;Q ) for Automobile Components ) Return to the automobile manufacturing plant from Problem 3 . 5 . Suppose nowthat

5.3((r;Q) for Automobile Components) Return to the automobile manufacturing plant
from Problem 3.5. Suppose nowthat the rate at which the plant uses powerlock
mechanisms
is stochastic and normally distributed, with a mean of 192 per day (8 per hour) and a standard
deviation of 17.4 per day. Replenishment orders for powerlock
mechanisms incur a lead
time of 3 days. If the plant runs out of power locks, it must expedite them from the supplier
at a cost of $40 each. Find r and Q using each of the methods below. Also report the
expected total cost per week, using equation (5.7).
a) The EIL approximation.
b) The EOQB approximation.
c) The EOQ+SS approximation.
d) The lossfunction
approximation.
e) Algorithm 5.2 for exact optimal values of r and Q.

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