Question: could you help me with this please A local service station is open 7 days per week, 365 days per year. Sales of 10W40 grade

could you help me with this please

A local service station is open 7 days per week, 365 days per year. Sales of 10W40 grade premium oil average 30 cans per day. Inventory holding costs are $0.80 per can per year. Ordering costs are $13 per order. Lead time is two weeks. Backorders are not practicalthe motorist drives away. a. Based on these data, calculate the economic order quantity and reorder point. Hint. Assume demand is deterministic (Round your answers to the nearest whole number.) cans Economic order quantity Reorder point cans b. The boss is concerned about this model because demand really varies. The standard deviation of demand was determined from a data sample to be 6.45 cans per day. The manager wants a 95 percent service probability. Determine a new inventory plan based on this information and the data in a Use Qopt from a. (Use Excel's NORMSINVO function to find the correct critical value for the given a-level. Do not round intermediate calculations. Round "z" value to 2 decimal places and final answer to the nearest whole number.) Newroorderpoint cans

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