Question: answer all. At the current demand rate, daily demand for an inventory item is normally distributed with mean = 25 units and standard deviation 4.

answer all. answer all. At the current demand rate, daily
answer all. At the current demand rate, daily
answer all. At the current demand rate, daily
At the current demand rate, daily demand for an inventory item is normally distributed with mean = 25 units and standard deviation 4. We use this item 365 days per year, and the order lead time is 7 days (1 week) whenever we reorder to replenish our inventory. Use this information to answer the following questions Question 1 1 pts If I was going to determine the order quantity Q to use in a (Q, R) system for this item, my EOQ analysis would use D ____ units. (Assume you are going to use a yearly carrying cost H = $ per unit per year in your EOQ formula.) Question 2 1 pts If I was going to find the reorder point R needed to achieve 95% service level for this item, I would use as the average demand during lead time If I was going to find the reorder point R needed to achieve 95% service level for this item, I would use as the standard deviation of demand during lead time. (Round your answer to two decimal places.) Question 4 1 pts If I was going to find the reorder point R needed to achieve 95% service level for this item, I would use as the z value when computing R All else constant, increasing the order lead time has what effect(s) ? increases the average demand during lead time increases the standard deviation of demand during lead time increases the reorder point R needed to achieve any given service level increases the safety stock needed to achieve any given service level increases the z value used to compute the reorder point R for any given service level

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