Question: For the following data, calculate economic order quantity (EOQ), safety stock (SS), and re- order point (RP) Cost per kg of chemical $ 15 Monthly

For the following data, calculate economic order quantity (EOQ), safety stock (SS), and re- order point (RP) Cost per kg of chemical $ 15 Monthly holding Cost 0.4% of chemical cost per kg Weekly demand 48 kg Ordering cost $ 100 per year Standard deviation of daily demand 14 kg Delivery lead time 2 weeks Z-score for 95% service level 1.65

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