Refer to the standard normal table 1 for z-values. > Demand = 100 bags / week > Order cost =$58 iorder > Annual holding cost =28 percent of cost - Desired cycle-service level =98 percent > Lead time =1 week(s) (7 working days) > Standard deviation of weekly demand =10 bags - Current on-hand inventory is 325 bags, with no open orders or backorders. a. What is the EOQ ? Sam's optimal order quantity is bags. (Enter your response rounded to the nearest whole number.) What would be the average time between orders (in weeks)? The average time between orders is weeks. (Enter your response rounded to one decimal place.) b. What should R be? The reorder point is bags. (Enter your response rounded to the nearest whole number.) c. An inventory withdrawal of 10 bags was just made. Is it time to reorder? It (1) time to reorder. d. The store currently uses a lot size of 480 bags (i.e., Q=480 ). What is the annual holding cost of this policy? The annual holding cost is $ (Enter your response rounded to two decimal places.) What is the annual ordering cost? The annual ordering cost is $ (Enter your response rounded to two decimal places.) A. There is not enough information to determine this. B. When Q=480, the annual holding cost is less then the ordering cost, therefore Q is too small. C. When Q=480, the annual holding cost is larger than the ordering cost, therefore Q is too large. D. Both quantities are appropriate. e. What would be the annual cost saved by shifting from the 480 -bag lot size to the EOQ? The annual holding cost with the EOQ is $ ( (Enter your response rounded to two decimal places.) The annual ordering cost with the EOQ is $ . (Enter your response rounded to two decimal places.) Therefore, Sam's Cat Hotel saves $ by shifting from the 480-bag lot size to the EOQ. (Enter your response rounded to two decimal places.)