Question: MGMT 484 Operations Management Assignment 7 (Inventory Management) You can submit your work either as a Word file, or an Excel file or solve it

MGMT 484 Operations Management Assignment 7 (Inventory Management) You can submit your work either as a Word file, or an Excel file or solve it on paper, take a picture, and upload it to Canvas Don't forget to explain your work! Your factory manufactures tricycles. You need to purchase front wheels from the supplier. The expected annual demand is D units; the setup or ordering cost is $5 per order, and the holding cost per unit per year is $H. Based on the number given in the table below: a. Determine optimal number of wheels to order (2 pts) b. Determine the reorder point (ROP) (without safety stock) assuming that the average lead time is L days, and your factory works 250 days a year. (2 pts) C. Based on your answer in (b), determine the reorder point (ROP) (with safety stock) assuming that the standard deviation of daily demand is o, and acceptable service level is 95%. (Z for 95% service level in 1.65) (3 pts) Data Table: D H S 00 Name Amin.. 700 DS eleon 1255 0.65 7 5 1.03

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