Question: Everything I have is correct. However, every other guide with these numbers has incorrect inputs in the blanks I have left. ine Suregrip nire company

Everything I have is correct. However, every other guide with these numbers has incorrect inputs in the blanks I have left.Everything I have is correct. However, every

ine Suregrip nire company carries a certain type of tire with the following characteristics: Average annual sales = 600 tires Ordering cost = $40 per order Carrying cost = 25 percent per year . Item cost = $50 per tire Lead time = 4 days Standard deviation of daily demand = 1 tire a. Calculate the EOQ. (Round answer up to the nearest integer.) 62 tires b. For a Q system of inventory control, calculate the safety stock required for service levels of 85, 90, 95, 97, and 99 percent. (Round answers to 2 decimal places.) Service Level Safety Stock Required (zo) 85% 90% 2.56 III 95% 97% 99% 3.76

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!