Question: PLEASE ANSWER ALL QUESTION, TQ An appliance store carries a certain brand of TV that has the following characteristics: Average annual sales=200units Ordering cost =$25

PLEASE ANSWER ALL QUESTION, TQ An appliance store carries a certain brand

PLEASE ANSWER ALL QUESTION, TQ

An appliance store carries a certain brand of TV that has the following characteristics: Average annual sales=200units Ordering cost =$25 per order Carrying cost =25 percent per year Item cost =$400 per unit Lead time =4 days Standard deviation of daily demand =0.1 unit Working days per year =250 a. Determine the EOQ. (2 Marks) b. Calculate the reorder point for a 95 percent service level, assuming normal demand. (4 Marks) c. State the Q rule for this item. (2 Marks) d. Study the effect on reorder point of changes in lead time or in standard deviation

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