Question: Economic order quantity (EOQ) = 2DS . ROP = 4 x LT + z IT X o + d X ULT Standard Normal Probabilities Table

Economic order quantity (EOQ) = 2DS . ROP = 4 x LT + z IT X o + d X ULT Standard Normal Probabilities Table entry Table entry for z is the area under the standard normal curve to the left of z. .00 .01 .02 .03 .04 .09 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 2.0 2.1 2.2 2.3 .5000 .5398 .5793 .6179 .6554 .6915 .7257 .7580 .7881 .8159 .8413 .8643 .8849 9032 .9192 .9332 .9452 .9554 .9641 .9713 .9772 .9821 .9861 .9893 .9918 .9938 .9953 .9965 .9974 .9981 .9987 .9990 .9993 .9995 .9997 .5040 .5080 .5438 .5478 .5832 -5871 .6217 .6255 .6591 .6628 .6950 .6985 .7291 .7324 .7611 .7642 .7910 .7939 .8186 .8212 .8438 .8461 .8665 .8686 .8869 .8888 .9049 .9066 .9207 .9222 .9345 .9357 .9463 .9474 .9564 .9573 .9649 .9656 .9719 .9726 .9778 .9783 .9826 .9830 9864 .9868 .9896 .9898 .9920 .9922 .9940 .9941 .9955 .9956 .9966 .9967 .9975 .9976 .9982 .9982 .9987 .9987 9991 .9991 .9993 .9994 .9995 .9995 .9997 .9997 5120 5517 5910 .6293 .6664 .7019 .7357 .7673 .7967 .8238 .8485 .8708 .8907 .9082 .9236 .9370 .9484 9582 .9664 .9732 .9788 9834 .9871 .9901 .9925 .9943 9957 .9968 .9977 .9983 .9988 .9991 .9994 .9996 .9997 .5160 5557 .5948 .6331 .6700 .7054 .7389 .7704 .7995 .8264 .8508 .8729 .8925 9099 .9251 .9382 9495 .9591 .9671 .9738 .9793 .9838 .9875 .9904 .9927 19945 .9959 .9969 .9977 .9984 .9988 .9992 .9994 .9996 .9997 .05 .06 .07 .08 .5199 .5239 .5279 .5319 .5596 .5636 .5675 .5714 .5987 .6026 .6064 .6103 .6368 -6406 .6443 .6480 .6736 .6772 .6808 .6844 .7088 .7123 .7157 .7190 .7422 .7454 .7486 .7517 .7734 .7764 .7794 .7823 .8023 .8051 .8078 .8106 .8289 .8315 .8340 .8365 .8531 .8554 .8577 .8599 .8749 .8770 .8790 .8810 .8944 .8962 .8980 .8997 .9115 .9131 .9147 .9162 .9265 .9279 .9292 .9306 .9394 .9406 .9418 .9429 .9505 .9515 .9525 .9535 9599 .9608 .9616 .9625 9678 .9686 .9693 .9699 9744 .9750 .9756 .9761 .9798 .9803 .9808 .9812 .9842 .9946 .9850 .9854 9878 9881 .9884 .9887 .9906 .9909 .9911 .9913 .9929 .9931 .9932 .9934 .9946 .9948 .9949 .9951 9960 9961 .9962 .9963 .9970 .9971 .9972 .9973 .9978 .9979 .9979 .9980 .9984 .9985 .9986 9989 .9989 .9989 .9990 9992 .9992 .9992 .9993 .9994 .9994 9995 .9995 .9996 .9996 9996 .9996 .9997 .9997 .9997 .9997 .5359 .5753 .6141 .6517 .6879 .7224 .7549 .7852 .8133 .8389 .8621 .8830 .9015 .9177 .9319 .9441 .9545 .9633 .9706 .9767 .9817 .9857 .9890 .9916 .9936 .9952 .9964 .9974 .9981 .9986 .9990 9993 .9995 .9997 .9998 2.4 2.5 2.6 2.7 2.8 2.9 3.0 3.1 3.2 3.3 3.4 .9985 > Question 7 3 pts PetSmart operates 48 weeks per year and uses a continuous review inventory system. It purchases dry dog food for $16 per bag. The following information is available about these bags. Refer to the standard normal table at bottom of this page. Average demand = 94 bags/week Order cost = $40/order Annual holding cost = 25 percent of the unit cost Desired cycle-service level=90 percent Lead time = 1 week constant Standard deviation of weekly demand = 16 bags Current on-hand inventory is 300 bags, with no open orders or backorders. What should be the reorder point (ROP)? ___bags (Enter your response rounded to the nearest whole number.) Question 8 3 pts PetSmart operates 48 weeks per year and uses a continuous review inventory system. It purchases dry dog food for $16 per bag. The following information is available about these bags. Refer to the standard normal table at bottom of this page. Average demand = 94 bags/week Order cost = $40/order Annual holding cost = 25 percent of the unit cost Desired cycle-service level=90 percent Lead time = 1 week constant Standard deviation of weekly demand = 16 bags Current on-hand inventory is 300 bags, with no open orders or backorders. What is the EOQ? (Enter your response rounded to the nearest whole number.) 300.4 Question 9 3 pts PetSmart operates 48 weeks per year and uses a continuous review inventory system. It purchases dry dog food for $16 per bag. The following information is available about these bags. Refer to the standard normal table at bottom of this page. Average demand = 94 bags/week Order cost = $40/order Annual holding cost = 25 percent of the unit cost Desired cycle-service level=90 percent Lead time = 1 week constant Standard deviation of weekly demand = 16 bags Current on-hand inventory is 300 bags, with no open orders or backorders. What is the total annual cycle inventory cost when the EOQ is used? dollars (Enter your response rounded to two decimal places.) 1,201.6 Question 10 3 pts Fullerton Enterprises uses a continuous review inventory control system for one of its SKUs. The following information is available on the item. The firm operates 50 weeks a year. Average demand = 91,000 units/year Ordering cost = $60.00/order Holding cost = $4.50/unit/year Lead time = 9 weeks constant Standard deviation of weekly demand = 120 units If Fullerton wants to provide a 96% service level, what is the required amount of safety stock? (enter your response rounded to the nearest whole number.) 630

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