Question: need correct answer O Problem 14 Question Help Sam's Cat Hotel operates 49 weeks per year, 6 days per week, and uses a continuous review

need correct answer need correct answer O Problem 14 Question Help

O Problem 14 Question Help Sam's Cat Hotel operates 49 weeks per year, 6 days per week, and uses a continuous review inventory system. It purchases Kittylitter for $11.00 per bag. The following information is available about these bags: > Demand = 75 bags/week >> Order cost $60.00/order >> Annual holding cost 20 percent of cost Desired cycle-service level 80 percent > Lead time 4 weeks (24 working days) > Standard deviation of weekly demand 15 bags > Current on-hand inventory is 320 bags, with no open orders or backorders a. Suppose that the weekly demand forecast of 75 bags is incorrect and actual demand averages only 50 bags per week. How much higher will total costs be, owing to the distorted EOQ caused by this forecast error? The costs will be higher owing to the error in 100. (Enter your response rounded to two decimal places)

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