Question: Problem 10) The table of information from Problem 9 is provided below. Use that information to answer the 2 questions below the table. Inventory Information

Problem 10) The table of information from Problem

Problem 10) The table of information from Problem 9 is provided below. Use that information to answer the 2 questions below the table. Inventory Information for Car Battery Battery Cost $55.00 Annual Holding Cost (as a % of Cost) 18% Cost to place an Order $7.50 Estimated Daily Demand 25 Std Dev. Of daily demand 12 Lead time in days 5 a. If the company used a reorder point system with a 90% customer service level how much safety stock would it need? b. Assuming the company was using the EOQ, how much would the annual holding cost increase to carry that safety stock

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