Question: Question 2 25 pts Q2) Use the data below Billy Bob's Bar-B-Q located in Chestnut Hill, TN sells Baby Back Ribs from a food truck

Question 2 25 pts Q2) Use the data below Billy

Question 2 25 pts Q2) Use the data below Billy Bob's Bar-B-Q located in Chestnut Hill, TN sells Baby Back Ribs from a food truck at Dollywood, each night they smoke ribs that they sell at the amusement park the next day. Please find the relevant demand and cost information for this product in the table below. Any ribs that are left at the end of the day are sold on the street in Chestnut Hill for $5.00. 1. What is the cost of under stocking? 2. What is the cost of over stocking? 3. If the cost of understocking is $5 and the cost of overstocking is $2 what is the optimal in stock percentage? Food cost $6.86 per slab Sales Price sp $12.19 per slab Buyback Value SV $5.00 per slab Refer to the inventory sawtooth" graph for the following questions: 1. How much safety stock (in units) is being held? 2. What is the average inventory level (in units)? 3. What is the average re-order size (in units)? 800 Maximum level = 800 units 700 stock Units Held 600 Lead Time 500 400 Reorder Level 400 units 300 200 Minimum -200 units 100 1 2 3 8 9 10 5 6 Time (Weeks)

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