Question: please show work Prob 2. A (60 points) (Continuous review) Kleenway super markets is comparing the two approaches to inventory management Continuous review and periodic

please show work please show work Prob 2. A (60 points)
please show work Prob 2. A (60 points)
please show work Prob 2. A (60 points)
please show work Prob 2. A (60 points)
Prob 2. A (60 points) (Continuous review) Kleenway super markets is comparing the two approaches to inventory management Continuous review and periodic review: Use the continuous review approach to answer all questions below. We are dealing with one specific product in this question. Prob 2B deals with the periodic review approach Distribution of Daily demand Normal Mean pounds per day 2400 Standard Deviation of daily demand in pounds per day 240 Holding cost ($/pound per day) 0.012 Ordering cost 360 Lead time in days Service level Desired in probability 0.83 Review period (when using periodic review) in days 365 Number of days per year On hand Inventory at the time of review 1800 Continuous review system Using the right formula (I should be able to see the formula you used) display the values in the cells below. EOQ Mean Lead time demand landslandanand EOQ Mean Lead time demand s.d. of lead tiem demand Z value for a service level given Safety stock Reorder level 22 Total number of orders per year Total expected ordering cost per year Average Inventory (throughout the year) Total expected holding cost per Reorder level 22 Total number of orders per year Total expected ordering cost per year Average Inventory (throughout the year) Total expected holding cost per year 26 Total expected total cost per year If safety stock is reduced by 100 27 units, what is the new SS? 28 What is the new reorder level? New Z value corresponding to the new SS? Service level corresponding to the new SS

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