Question: Items purchased from a vendor cost $ 3 3 each, and the daily demand is 1 5 units with standard deviation of 3 units. If

Items purchased from a vendor cost $33 each, and the daily demand is 15 units with standard deviation of 3 units. If it costs $10.00 to place an order and the storage/holding cost is $5 per unit per year. The lead time is 5 days. What is the optimal order quantity?
Question 28 options:
148
145
146
150
Items purchased from a vendor cost $33 each, and the daily demand is 15 units with standard deviation of 3 units. If it costs $10.00 to place an order and the storage/holding cost is $5 per unit per year. The lead
181,414.93
369,996.62
180,728.30
191,414.87
each, and the daily demand is 15 units with standard deviation of 3 units. If it costs $10.00 to place an order and the storage/holding cost is $5 per unit per year. The lead time is 5 days. What is the reorder point to satisfy 97% policy of not stocking out during the lead time (z=1.88)?
Question 29 options:
90.39
87.62
86.54
88.13

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