answer all 3

Question 13 (4 points) A local food processing firm uses (demand) 24,000 glass jars to produce gourmet jams and jellies per year. It costs the firm $60 each time it places an order for jars with the manufacturers. The inventory holding cost is $0.8 per jar per year. The stock is received 4 working days after an order has been placed. No backorders are allowed. Because of space limitations, suppose the firm orders 2000 jars at a time. What would be the annual cost saved by shifting from the 2000-jars order policy to the EOQ? (Please round your calculations to the nearest whole number.) Your Answer: Your Answer Question 14 (2 points) Corin sells Sunday papers outside a retirement home on Sunday mornings. Corin collects $2.30 per paper and pays $0.40 for a paper. The retirement home residents think fondly of Corin and aren't too upset when papers run out. On the other hand, any papers Corin is left with are thrown into the recycling bin. Corin is trying to figure out a systematic ordering policy. When Corin runs out of papers, the sale is lost. Calculate the service level. (two decimal places, 0.00) Your Answer: Your Answer Question 15 (2 points) Corin sells Sunday papers outside a retirement home on Sunday mornings. Corin collects $2.60 per paper and pays $0.48 for a paper. The retirement home residents think fondly of Corin and aren't too upset when papers run out. On the other hand, any papers Corin is left with are thrown into the recycling bin. Corin is trying to figure out a systematic ordering policy. When Corin runs out of papers, the sale is lost. Demand is uniformly distributed between 19 and 59 newspapers per day. Calculate the optimal stocking. (round off to the nearest whole number)