need help with problems 3-6

Carry two decimals unless mentioned otherwise 1) Organic Milk 'RUS sells 100% pasture-raised dairy where cows are strictly and freely grass-fed. As a result, the milk has a richer flavor, and higher levels of Omega-3s and CA Their milik can be found only at Really Organic Grocery store which reviews their milk inventory every five days and the lead time for deliveries is one day. The average daily demand for this wonderful milk is 22.3 liters with a standard deviation of 1.8 liters. The store would like to have a 95% service level and currently has 2 liters of milk left. Compute the next order quantity? 135.76 133.8 139.03 Organic Brews 'R Us makes wonderful craft beers of various styles (American Pale Ale, India Pale Ale (IPA). stout and others). IPA is their most popular beer and the annual demand for their IPA is 9200 pints. The setup cost for an IPA batch (or any other style) is $200 (time spent cleaning the lines, etc.) A pint of IPA costs $1.25 and the inventory holding cost per pint per year is $0.90. They are open 300 days/year. It takes 21 days to brew a new IPA batch. Answer 2-6 2) What is their economic order (batch) size (EOQ)? 2022.10 766.67 1105.57 3) Assuming they don't plan on safety stock what is their re-order point (approx.)? 321.07 256.64 644.00 712.00 4) Approximately how often do they brew a new batch of IPA? Monthly Every two months Every three months Every four months 5) What their total annual cost? $13,319.89 $11,500.00 $12,500.00 6) Suppose the daily standard deviation of demand for IPA is 42 pints and recall that their lead-time is 21 days. Noticing they run out of IPA often during the lead-time (while a new batch is brewing), the manager decides to re-order (start a new batch) when their IPA inventory drops to 560 pints. What is the probability of an IPA shortage during the lead-time? Partial hint FYI no hints on actual exams. 0:-Lo 50.0% --79.7% -97.5% -2.5% -20.3%