Question: Question 63: A firm uses 42,100 widgets per year and cna produce 340 per day. Carrying costs are $2 and setup costs are $200. They

Question 63:

A firm uses 42,100 widgets per year and cna produce 340 per day. Carrying costs are $2 and setup costs are $200. They operate 240 days per year. What is the optimal run size? Do not round intermediate calculations.

Round your answer to a whole number.

Your Answer: _____________

Question 64:

Demand during lead time is historically about 97. It is normally distributed with a standard deviation during lead time of 9. They will use a stockout risk of three percent.

What is the reorder point, including the safety stock. Round your answer to a whole number.

Your Answer: ______________

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