Question: Question Completion Status question 29 Similar to the last problem -- but the data has likely changed. Answer this question using only the data presented

Question Completion Status question 29 Similar to

Question Completion Status question 29 Similar to the last problem -- but the data has likely changed. Answer this question using only the data presented here. SMC produces steel T-brackets for sale to outside customers. Demand for the brackets is variable: average daily demand for the brackets is 400, with a standard deviation of 90. over the 310 days of operation in a year. The brackets cost $0.75 each, holding cost is 50.15 per bracket per year, and production setup costs are $200 per order. Lead time to produce a batch of t-brackets is 4 days. SMC desires to have sufficient stock to cover demand over lead time 98% of the time. What is the correct reorder point for t-brackets? Use Appendix E in the text to find the correct value of Z a. 1.600 b. 2,715 c. 1,969 d. 1.089 e. 912 o f. 1.458 Moving to another question will save this response

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