Question: Please help with Question 4 A-D on this assignment. Fixed quantity - variable interval inventory problems A food processor uses an average of 300,000 glass

Please help with Question 4 A-D on this assignment.
Please help with Question 4 A-D on this
Fixed quantity - variable interval inventory problems A food processor uses an average of 300,000 glass jars a month for its fruit products. Monthly holding cost is 10 cents per jar and reordering cost is $100.00 per order. The company operates an average of 30 days a month. a) What is the EOQ ? b) What is the Annual Holding Cost if ordering the EOQ ? c) What is the Annual Ordering Cost if ordering the EOQ ? Using the numbers from question 1, assume that lead time is nine days and the standard deviation of daily demand is 500 glass jars. a) What is the expected demand during lead time? b) What is the standard deviation of demand during lead time? c) What value of z is associated with a 94% lead-time service level? d) How much safety stock should be carried if the manager wants a 94% lead time service level? Given: a) Expected demand during lead time =750 units b) Standard deviation of demand during lead time =25 units Determine Each of the following: a. The safety stock needed to attain a 5 percent risk of stockout during lead time b. The ROP that will provide a risk of stockout of 5 percent during lead time. c. Would a stockout risk of 10 percent require more or less safety stock than a 5 percent risk? Explain d. Would the ROP be larger, smaller, or unchanged if the acceptable risk were 2 percent rather than 5 percent. Explain

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