Question: Give details calculation please. Comment if you face problem with the picture quality Question 7 15 pts The annual demand of a product is 62.707

Give details calculation please. Comment if you face problem with the picture quality

Question 7 15 pts The annual demand of a product is 62.707 units. The ordering cost is $220 per order, and the annual holding cost is $3.19 per unit per year. If the manager currently places an order of 7.434, then what is the total cost (TC) incurred annually for inventory management? Round your answer to TWO places of decimal. Previous Next Question 10 15 pts A retailer places orders after fixed periods of 10 days: lead time to shipment is 6 days. Daily demand of the product in question has a mean of 32 and standard deviation of 9. The retailer maintains a 98% service policy. The manager is about to place an oder, she finds that there are currently 89 units in the inventor. What should be the order amount? Round to the nearest integer. (#5) Previous Next

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