Question: O 2DS H TC = D.C++ R=dL O a = [.. R=dL + 20 funcertain demand) Part A Consider an item with item cost 30

O 2DS H TC = D.C++ R=dL O a = [.. R=dL + 20 funcertain demand) Part A Consider an item with item cost 30 AED. The cost per order is 10 AED and holding cost is 25 of item cost Daily demand is a units. The upper 21 days to the product Assume that demand is constant. Also assume that working days in a year are 365 What shall be economic order quantity? What shall be reorder point to run this inventory system? What shall be total annual cost to run this inventory system? Barto Suppose that demand is uncertain. Average daily demand units with standard deviation of daily demandas 12 units. What would be the reorder point if you are to maintain the service level of 97% value is 1.88). Suppose average daily demand is same as above but standard deviation of daily demand is now 24 units. How would your economic order quantity change? How many sona units of safety stock shall you carry to maintain the same service level as above

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