Question: Please answer all the three parts asap Question (10 marks) Dean International sells a single product, product Delta which it imports from Bangladesh. The following

Please answer all the three parts asap

Please answer all the three parts asap Question (10 marks) Dean International

Question (10 marks) Dean International sells a single product, product Delta which it imports from Bangladesh. The following information pertains to Product Delta: Annual demand Ordering cost per order Carrying costs per unit for one year Lead time (maximum 2 weeks) Maximum demand per week Work year Order lot size (Q) calculated using the EOQ model 27,040 units $1,000 $50 1 week 580 units 50 weeks 1040 units Required: 1. Calculate the reorder point assuming average demand and average lead tim e. (3 marks) 2. Calculate the safety stock needed to prevent stockouts, assuming maximum demand but delivery is on time. (3 marks) 3. 3a 3b Given safety stock holding calculated in requirement 2, calculate, the: New annual ordering cost. If no change, explain why. New annual carrying cost. If no change, explain why. (2 marks) (2 marks)

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