Question: PLEASE SOLVE THIS QUESTION DO NOT USE THE ANSWER TO ANOTHER QUESTION!!!!!! DO NOT USE EXCELL PLEASE!! KaiKai is a large clothing chain that has

PLEASE SOLVE THIS QUESTION DO NOT USE THE ANSWER TO ANOTHER QUESTION!!!!!! DO NOT USE EXCELL PLEASE!!

KaiKai is a large clothing chain that has 800 retail stores. Weekly demand for size large skinny jeans at each store is normally distributed, with a mean of 1000 and a standard deviation of 150. Each pair of pants costs $40. KaiKai has a holding cost of 25 percent. KaiKai manages all inventories using a continuous review policy, and the supply lead time for products is four weeks. The targeted CSL is 95 percent.

(a) How much safety inventory of size large khaki pants should KaiKai carry?

(b) What should the ROP be?

(d) How much is the holding cost per unit sold? NORMSINV(0.95) = 1.65

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