Please provide step by step solutions to the questions and pleas use the formula sheet for reference.

Incorrect Question 23 Original Score: 2 / 2 pts Regraded Score: 0 / 2 pts This question has been regraded. Your company has an exclusive purchasing arrangement with your only supplier of plastic doodads. Plastic doodads are a critical component input to your firm's production process. Every widget the firm makes contains two plastic doodads. The customer demand for widgets typically remains constant throughout the year varying little from month to month. Because of extended raw materials shortages your supplier has notified you that beginning immediately the lead time for ordering and receiving plastic doodads will be increasing from one week to two weeks. What will be the likely effect on your plastic doodads materials inventory? The amount of average inventory will go up O The amount of average inventory will go down O The amount of average inventory will remain unchanged O Its impossible to predict any effect on average inventory levels.Question 24 2/2 pts Ranch's Candies operates 50 candy stores generally distributed in 7 Southern USA states. The stores operate out of mall locations and currently carry their own inventory of products. Each store keeps a three-week supply of each candy product they sell. Some of these products are "fast movers" like Sour Patch Kids, Gummies, and Skittles, while others are slow movers like Boston Baked Beans and Riley's Chocolate Covered Raisins. The sales price of each product sold is set to be $1.50 higher than the products cost to Ranch. So although products will have different costs and prices, the margin on each product is the same. The slow moving products will often be left unsold after the product expiration date, requiring the store manager to cut the retail price in half to move it off the shelves. The prices of fast moving products are never reduced. Current store policy to is have a 90% customer service level across all product categories. Using the logic of the Newsvendor model, Ranch's Candies should: O stop selling all the slow moving products lower the service level of the slow movers relative to the fast moving products O raise the service level of the slow moving products relative to the fast moving products O keep the service at 90% across all product categories O permanently reduce the prices of all of the slow moving productsIncorrect Question 41 0 / 3 pts This Problem Counts 3 Points Use the following data, what is the Tracking Signal for periods 1 thru 4 and what does this tell you? Week Demand Forecast 1 900 800 2 1,321 925 3 1,212 1266.38 4 1,658 1282.26 O TS = 1.09 and is small enough that it is adequately tracking changes O TS = -43 and is small enough that it is adequately tracking changes O TS = .43 and is positive so model is positively correlated with demand. O TS = -1.09 and is negative so model is positively correlated with demand O TS = 3.53 so model is tracking in an acceptable range but nearing the point where it should be investigated for biasIncorrect 0 / 2 pts Question 42 Which ONE of the following is NOT a characterization of the Matsushita business evolution (history) and supply chain philosophy/strategy? O a key issue for Matsushita management was the inability to effectively innovate and drive new products to market O the founder, Konosuke Matsushita, developed a 250-year corporate plan. O the supply chain very early on adopted a decentralized network strategy O the firm has a strategy of one product, one division with each division paying 60% if its earnings back to Matsushita "headquarters". O Matsushita rebranded itself as Panasonic Bogus Question: all of the above are true statements O Bogus Question: all of the above are false statementsIncorrect Question 43 0 /2 pts Which of the Following is a Characteristic of the Philips business evolution (history) and supply chain philosophy. Check all that apply. Within Philips a very strong Products Division centralized all R&D while product manufacturing was either highly decentralized or outsourced to third parties Philips was initially known for its innovative products Philips built its competitive advantage in lighting products based on it very low cost of production Philips decentralized very early in its history because the founders two sons, who were running the firm, did not like each other Philips' supply chain network strategy can best be described as decentralized Incorrect Question 44 0/ 2 pts Consider both statements. Statement 1. Replenishing the inventory in a Coca-Cola kiosk (a coke machine) is an example of an "order up to" inventory model. Statement 2. EOQ is a common approach to determining an order quantity in a Periodic Review Ordering system. Only Statement 1 is True Only Statement 2 is True Both Statements are True O Both Statements are FalseSupply Chain Management Formulas The Newsvendor Model: The Critical Fractile = Cu/(Cu + Co) Cu = p - c Co = C - S Economic Order Quantity and Reorder Point EOQ (Q') = SQRT((2*d's)/h), where d = demand, s = order costs, and h = holding costs ROP = (diLT) * LT) + safety stock, where din) - demand during the lead time, and LT = Lead Time Safety Stock = z * SD . SQRT(LT), where z = z score, SD = the standard deviation, and LT = Lead Time Measures of Forecast Error: Running Some of Forecast Error (RSFE) = SUM (At - Ft) Mean Forecast Error (Bias) (MFE) = RSFE/N Mean Absolute Deviation (MAD) = (SUM of the Absolute Value (At - Ft))/N Tracking Signal (TS) = RSFE/MAD Measures of Forecast Error (Pasted Formulas) . RSFE - Running Sum of Forecast Error RSFE = >(A, - FD) . MFE - Mean Forecast Error (Bias) MFE = E(A - F) RSFE N . MAD - Mean Absolute Deviation MAD : EIA - FI . TS- Tracking Signal RSFE TS = MAD