Question: Problem 12.15 Question Help Joe Henry's machine shop uses 2,510 brackets during the course of a year. These brackets are purchased from a supplier 90

Problem 12.15 Question Help Joe Henry's machine
Problem 12.15 Question Help Joe Henry's machine
Problem 12.15 Question Help Joe Henry's machine shop uses 2,510 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets: Annual demand 2,510 Holding cost per bracket per year $1.40 Order cost per order $18.75 Lead time 2 days Working days per year 250 a) What is the EOQ? units (round your response to two decimal places). Gainesville Guavas stocks guava fruit that have variable load times because of the difficulty in importing the product: Lead time is normally distributed with an average of 6 weeks and a standard deviation of 2 weeks Demand is also variable and normally distributed with a mean of 200 fruit per week and a standard deviation of 25 fruit. Refer to the standard normal table for z-values. This exercise contains only parts a and b. a) For a 98% service level, what is the ROP? The reorder point is fruit (round your response to the nearest whole number). b) What is the ROP for a 99% service level? The reorder point is fruit (round your response to the nearest number). whole Enter your answer in the edit fields and then click Check

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