Question: Feels Like 98 has set the order quantity at 150 units each time it orders brewery branded growlers that it has for sale in the

Feels Like 98 has set the order quantity at 150Feels Like 98 has set the order quantity at 150

Feels Like 98 has set the order quantity at 150 units each time it orders brewery branded growlers that it has for sale in the store. The daily demand is normally distributed, with a mean of 12 units and a standard deviation of 4. It always takes exactly 1 week for an order to arrive after the order is placed. Holding cost has been determined to be $10 per growler per year. Due to the large volume of items sold, the brewery's manager want to maintain a 99% service level and sells growlers 7 days per week. Use this information above to answer questions 4 through 6. Question 4 5 pts What is the standard deviation of demand during the lead time period? Answer to two decimal places Feels Like 98 has is deciding between two suppliers (A and B) for purchasing bags of barley. The brewery has forecasted that it will require 16,000 bags of barley each year. Demand is relatively constant through the year and the company estimates that it costs $25 for it to place an order with a supplier. Feels Like 98's accountant (Sara) has also calculated that it should use a holding cost that is 20% of the cost of a bag of barley. The two suppliers have given the brewery's supplier relationship coordinator (Ted) a price schedule for bags of barley. Use the information above and price schedules below to complete questions 1 through 3 below Supplier A Supplier B Price per Bag of Price per Bag of Quantity Ordered Quantity Ordered Barley Barley 1 - 199 $38.40 1-299 $39.50 200 - 499 $35.80 300 - 999 $35.40 500 or more $34.70 1,000 or more $34.60

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