Question 15 ( 2 points) Corin sells Sunday papers outside a retirement home on Sunday mornings. Corin collects $1.89 per paper and pays $0.85 for a paper. The retirement home residents think fondly of Corin and aren't too upset when papers run out. On the other hand, any papers Corin is left with are thrown into the recycling bin. Corin is trying to figure out a systematic ordering policy. When Corin runs out of papers, the sale is lost. Demand is uniformly distributed between 11 and 40 newspapers per day. Calculate the optimal stocking. (round off to the nearest whole number) Your Answer: Your Answer You are the operations manager of a firm that uses the continuous review inventory control system. Suppose the firm operates 252 days a year and has the following characteristics for its primary item: Demand =25,000 units / year Ordering cost =$28 order Holding cost =$1/ unit/year Lead time =4 days Standard deviation in daily demand =8 units What is the expected time between orders (T) per year (to the nearest whole number)? Your