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QUESTIONS The Office Supply Shop estimates that the average demand for a popular ball-point pen is 11,529 pens per week with a standard deviation of 3,925 pens. The average lead time from the distributor is 5.8 weeks, with a standard deviation of 1.7 weeks. If management wants a 95 percent cycle-service level, what should the reorder point be? Round your answer to 2 decimal places. QUESTION 6 At a high end hotel the operations manager needs to keep close tabs on all room service items, including a special pine-scented bar soap. The daily demand for the soap is 298 bars, with a standard deviation of 36 bars. The lead time from the supplier is 5.5 days. The operations managers check the store room for the on-hand inventory of the bar soap every 3 days and places an order if required (i.e. a fixed period policy is being used to manage inventory). What is the target inventory level (T) for the bar soap? Assume that a 97% cycle service level (CSL) is required. Round your answer to 2 decimal places. QUESTION 7 Joe must decide how much ice-cream to stock in his ice-cream truck that he drives around Grand Blanc, MI. Ice cream sells for $9 per Ib (pound) and costs $3 per lb. At the end of the day any unsold ice-cream must be discarded as it has melted. Daily demand can be approximated by a normal distribution with a mean of 78 lbs and standard deviation of 16 lbs. What is the optimal stocking level ? (Round your answer to 2 decimal places)