Question 10 (1 point) You are responsible for maintaining an appropriate amount of inventory for Component A, using a Q-type inventory control system (fixed quantity, continuous review). Your company estimates your ordering cost to be 500 and the annual cost of holding this item in inventory to be 12. Annual demand for this item is forecasted to be 8,000 and the company has 350 working days per year. Your supplier's lead time is 5 days. How much safety stock will you need if the standard deviation of daily demand is 30 and your target customer service level is 95%? (Round to the nearest integer.) You are responsible for maintaining an appropriate amount of inventory for Component A, using a Q-type inventory control system (fixed quantity, continuous review). Your company estimates your ordering cost to be 300 and the annual cost of holding this item in inventory to be 10. Annual demand for this item is forecasted to be 2,000 and the company has 350 working days per year. Your supplier's lead time is 25 days. What should your reorder point be if the standard deviation of daily demand is 30 and your target customer service level is 95%? (Round to the nearest integer.) Entry is area A under the standard normal curve from -- to z(A) ) .00 .01 .02 ,03 .04 05 .06 .07 .08 .09 .0 2 13 .5000 15398 5793 .6179 .6554 15040 5438 .5832 .6217 .6592 SONS 5478 5871 .6255 .6628 .3120 13517 .5910 .6293 6664 .5160 .3557 .5948 .6331 .6700 .5199 5596 .5987 .6368 .6736 5239 .5636 .6026 .6406 .6772 .5279 5675 .6064 .6443 .6808 .5319 5714 .6103 .6480 .6844 .5359 .5753 .6141 .6512 .6879 au AwNeo ovan ANOM 5 .6 .7 8 6915 .7257 1.7580 .7881 .8159 .6950 .7291 .7611 .7910 .8186 .6985 .7324 -7642 .7939 .8212 .7019 .7357 -7673 .7967 .8238 -7054 -7389 .7704 ...7995 .8264 7088 .7422 7734 .8023 .8289 17123 .7454 7764 8051 -8315 17157 .7486 .7794 8078 .8340 .7190 .7517 -7823 .8106 .8365 .7224 1.7549 .7852 .8133 .8389 1.0 1.1 1.2 1.3 1.4 8413 .8643 .8849 .9032 9192 .8438 .8665 .8869 .9049 .9207 .8461 .8686 .8888 9066 .9222 .8485 .8708 .8907 9082 9236 .8508 .8729 .8925 19099 9251 .8531 .8749 .8944 9115 .9265 .8554 .8770 .8962 .9131 9279 .8577 .8790 .8980 .9147 .9292 .8599 8810 -8997 9162 .9306 .8621 .8830 9015 .9177 .9319 15 1.6 1.7 1.8 1.9 .9332 9452 .9554 .9641 9713 9345 9463 .9564 .9649 9719 9357 .9474 .9573 .9656 9726 .9370 9484 9582 .9664 9732 9382 9495 .9591 9671 9738 9394 9505 9399 9678 19744 .9406 .9515 9608 .9686 19750 .9418 9525 9616 .9693 -9756 69429 19535 .9625 .9699 .9761 9441 .9545 .9633 .9706 9767 2.0 2.1 2.2 2.3 2.4 9772 .9821 .9861 .9893 .9918 9778 9826 .9864 .9896 .9920 .9783 .9830 9868 9898 -9922 9788 9834 9871 9901 9925 9793 .9838 .9875 .9904 .9927 9798 9842 9878 9906 9929 -9803 9846 .9881 .9909 9931 .9808 9850 9884 9911 .9932 .9812 .9854 9887 69913 .9934 9817 .9857 .9890 .9916 9936 2.5 2.6 2.7 2.8 2.9 .9938 .9953 9965 .9974 9981 .9940 .9955 9966 .9975 .9982 .9941 .9956 .9967 .9976 .9982 9943 .9957 .9968 19977 .9983 9945 9959 9969 .9977 .9984 9946 9960 9970 9978 9984 9948 9961 9971 9979 -9985 9949 9962 9972 9979 9985 19951 .9963 .9973 9980 9986 .9952 9964 9974 19981 9986 3.0 3.1 9987 9990 .9993 9995 9997 3.2 3.3 3.4 9987 .9991 9993 9995 .9997 9987 9991 .9994 .9995 .9997 9988 9991 .9994 -9996 9997 9988 9992 9994 .9996 9997 9989 9992 9994 9996 9997 .9989 9992 9994 9996 .9997 9989 9992 9995 9990 9993 9995 9996 9997 9990 9993 .9995 .9997 9998 .9997