Question: Find the economic order quantity (EOO). a. 1788 b. 346 c. 36 d. 632 The manager of a local retail store is ordering a specialty

Find the economic order quantity (EOO). a. 1788 b. 346 c. 36 d. 632 The manager of a local retail store is ordering a specialty item from a supplier in Toronto. The lead time is constant at five days. The store is open 300 days a year ( 50 weeks Monday.Saturday, with a wo-week vacation). The average caily demand is 40 units, with a standard deviation of 7.6. (Assume that the distribution is approximatefy normal) It costs $40 fo place an order, and the annual holding cost is 30% of the inventory value. The supplier charges 58,00 per unit What are the expected value and standard deviation of demand during iead time? a. 40,7.6 b. 200,16,99 c. 4016.99

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