Question: A hardware store operates 260 days a year. Daily demand for the claw hammer at the depot is normal with an average of 22 units

A hardware store operates 260 days a year. Daily demand for the claw hammer at the depot is normal with an average of 22 units per day and a standard deviation of 5 per day. Holding cost for the hammer is $3 per unit per year, and ordering cost is $30 an order. It takes 5 days to receive a delivery from the supplier. a. Calculate the EOQ b. Determine the ROP needed if the manager wants an annual service level of 99 percent. Z= 2.325

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