Question: THE standard deviation IS 3 2.The Pro Golf works 52 weeks a year. (8 Points) The shop pays $300 for a beginner golf club set

THE standard deviation IS 3

THE standard deviation IS 3 2.The Pro Golf works

2.The Pro Golf works 52 weeks a year. (8 Points) The shop pays $300 for a beginner golf club set purchased from a local manufacturer. The annual holding cost per club set is estimated 25%. The shop sells an average of 20 per week (assuming work 52 weeks per year). The golf shop has a lead time of 2 weeks. The ordering cost is $50. Calculate the following: Find Z if service level is: Represents confidence level a 95% = 1.64 97.5% = 1.96 = 98% = 2.05 98.5% = 2.17 99% = 2.32 99.9% = 3.09 A. EOQ B. Total Cost of Inventory C. Calculate Safety stock assuming a service level of 98% D. Reorder point

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