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QUESTION 1 10 points Save Answer Mark Gunther and Sony are trying to determine the safety stock (SS) and reorder point (R) for its circuit cards. It takes 5 (business) days for Sony to receive its cards, corresponding to a lead-time of 5 days. Mark estimates that the daily demand for Sony is 400 cards on average with a daily standard deviation of 30 units. After long conversations with the management team. Samsung agrees to target a 93% service level. What is the appropriate safety stock (SS)? QUESTION 2 10 points Save Answer Given the appropriate safety stock (SS) and the same information as in question 1. what is the appropriate reorder point (R)? QUESTION 3 10 points Save Answer Using the same information as in question 1 and question 2, what happens to SS and R (increase or decrease) if the service level is increased from 93% to 95%? O Decrease Increase QUESTION 4 10 points Save Answer Consider the case when Sony uses a Periodic Review Policy (IS). Sony plans to order from its supplier once in fourteen business days, corresponding to a Review Period of 1 = 14 business days. The supplier delivers each order in a lead-time of 6 business days. Sony has an expected daily demand of 150 units with a standard deviation of daily demand) of 30 units. The management team at Sony continues to target a 93% service level. What is the appropriate safety stock (SS)? QUESTIONS 10 points Save Answer Given the appropriate safety stock (SS) and the same information as in question 4. what is the appropriate base stock (S)? QUESTION 6 10 points Save Answer (Considering your answers to questions 4 and 5) What happens to SS and S (increase or decrease) if the service level is increased from 93% to 95%? O Decrease O Increase QUESTION 7 10 points Save Answer Given all information from question 4,5 and 6. if Sony has 220 cards leftover in inventory at the end of a review period, how much should it order from its supplier to have a 93% service level? QUESTION 8 10 points Save Answer Given all information from question 4.5.6. If Sony has 220 cards leftover in inventory at the end of a review period, how much should it order from its supplier to have a 95% service level? QUESTION 9 10 points Save Answer Anthropologie is considering the sales of a new sweater for the next winter season. The sweater will be in sale for only one season. The company has plans to sell each sweater at $135, and it purchases the sweater from its supplier at $70. The company knows that it can salvage any leftover sweaters at $45. Based on the experience of previous seasons, experts at the company are predicting the sales to range between 4,000 and 9,000 with the associated probabilities: Demand Probability 4,000 0.10 5,000 0.15 0.25 7,000 0:20 8.000 0.15 0.15 6.000 9,000 Determine the associated Cost of Not Stocking Enough (Cs) and the Cost of Stocking Too Much (Ce) for Anthropologie. What is the Target Service Level based on these two costs (put your answer in decimal form)? QUESTION 10 10 points Save Answer Supplier Given the target service level and the same information given in Question 9. how many sweaters should Anthropologie order from i Demand Probability 4.000 0.10 5,000 0.15 6.000 0.25 7,000 0.20 8,000 0.15 9,000 0.15