Question: Need help Sam's Cat Hotel operates 52 weeks per year, 5 days per week, and uses a continuous review inventory system. It purchases kitty litter
Need help

Sam's Cat Hotel operates 52 weeks per year, 5 days per week, and uses a continuous review inventory system. It purchases kitty litter for $11.50 per bag. The following information is available about these bags. Refer to the standard normal table for z-values. - Demand = 100 bags/week > Order cost = $57/order > Annual holding cost = 29 percent of cost > Desired cycle-service level = 99 percent > Lead time = 4 week(s) (20 working days) > Standard deviation of weekly demand = 13 bags > Current on-hand inventory is 350 bags, with no open orders or backorders a. What is the EOQ? Sam's optimal order quantity is bags. (Enter your response rounded to the nearest whole number) What would be the average time between orders (in weeks)? The average time between orders is weeks. (Enter your response rounded to one decimal place.) b. What should R be? The reorder point is bags. (Enter your response rounded to the nearest whole number) c. An inventory withdrawal of 10 bags was just made, Is it time to reorder? time to reorder. d. The store currently uses a lot size of 505 bags (ie., Q-505). What is the annual holding cost of this policy? The annual holding cost is $ (Enter your response rounded to two decimal places.) What is the annual ordering cost
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
