Question: I am not sure what value I'm looking for. If it helps it is an inventory management question (1) Haworth is a manufacturer of office

I am not sure what value I'm looking for. If it helps it is an inventory management question

(1) Haworth is a manufacturer of office furniture. Production of their office desk line requires a metal bracket, which is purchased from a third party supplier. Haworth produces desks at a constant rate. This will require 15000 brackets annually. Ordering costs are $50 per order. Holding costs are 35% of the value of the inventory. Haworth has 300 working days per year and a lead-time of 4 days. The standard deviation for daily demand is 12. Answer the following inventory policy questions: (i)What is the reorder point if Haworth wants a 98% service level? The supplier has informed Haworth that it can offer the following quantity discounts Quantity Price 1-4999 $1.50 5000-7999 $1.30 8000-10999 $1.22 11000 and above $1.20 (ii) Based on this information what quantity should Haworth choose when making orders

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