Question: It 2 different questions please help with both if possible INFO 326 Introduction to Operations Get Question 9, Problem 22 Part 3 of 3 HW
It 2 different questions please help with both if possible
INFO 326 Introduction to Operations Get Question 9, Problem 22 Part 3 of 3 HW Score: 71.53%, 8.58 of 12 points Points: 0.33 of 1 le Sc My Osprey Sports stocks everything that a musky fisherman could want in the Great North Woods. A particular musky lure has been very popular with local fishermen as well as those who buy lures on the Internet from Osprey Sports. The cost to place orders with the supplier is $40/orderthe demand averages 3 lures per day, with a standard deviation of 1 lure; and the inventory holding cost is $1.00/lure/year. The lead time form the supplier is 10 days, with a standard deviation of 2 days. It is important to maintain a 98 percent cycle-service level to properly balance service with inventory holding costs. Osprey Sports is open 350 days a year to allow the owners the opportunity to fish for muskies during the prime season. The owners want to use a continuous review inventory system for this item Refer to the standard normal table for z-values. a. What order quantity should be used? 290 lures. (Enter your response rounded to the nearest whole number.) b. What reorder point should be used? 44 lures. (Enter your response rounded to the nearest whole M $1.00/lure/year. The lead time form the supplier is 10 days, with a standard deviation of 2 days. It is important to maintain a 98 percent cycle-service level to properly balance service with inventory holding costs. Osprey Sports is open 350 days a year to allow the owners the opportunity to fish for muskies during the prime season. The owners want to use a continuous review inventory system for this item. Refer to the standard normal table for z-values. a. What order quantity should be used? 290 lures. (Enter your response rounded to the nearest whole number.) b. What reorder point should be used? 44 Iures. (Enter your response rounded to the nearest whole number) (Enter c. What is the total annual cost for this inventory system? $ your response rounded to two decimal places.) Question 11, Problem 28 HW Score: 71.53%, 8.58 of 12 points Part 1 of 4 O Points: 0 of 1 Sam's Cat Hotel operates 51 weeks per year, 5 days per week. It purchases kitty litter for $7.50 per bag. The following information is available about these bags: > Demand = 65 bags/week > Order cost = $75/order > Annual holding cost = 35 percent of cost > Desired cycle-service level = 92 percent > Lead time = 1 week(s) (5 working days) > Standard deviation of weekly demand = 8 bags > Current on-hand inventory is 250 bags, with no open orders or backorders. Suppose that Sam's Cat Hotel uses a P system. The average Jally demand, , is 13 bags (65/5), and Standard Deviation of Weekly Demand the standard deviation of daily demand, is 3.578 bags. Refer to Days per week the standartiniai a. What P (in working days) and T should be used to approximropte the cost trade-offs of the EOQ? The time between orders, P. should be days. (Enter your response rounded to the nearest whole number.)



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