Using a computerized Inventory Management System, a Paint Supply Store franchise continuously monitors the inventory of all the paint located at each of their 15 stores and their distribution warehouse. The Paint Supply Store franchise sells an average of 42 gallons of Orange Pains every week for 52 weeks per year. They purchase Orange Paint from their supplier at a price of $2.50 per gallon. The company does not hold Safety Stock] It takes 1.50 weeks to receive an order from the supplier, Administrative CSS for Ordering paling have been estimated to be 20 per order Holding Costs -25% of the purchase price per gallon per year. What is the most Economie Order Quantity Service Level z Value 3.719 3.090 Reorder Point, ROP = dL + SS d - Average Demand Rate per Time Period D-Demand Rate per Year L = Average Lead time (time periods) 55 Safety Stock 99 90 99.00% 95.00% 90.00% 85.00% 0.00% 1.036 0.842 (Assuminy Lewd Time is constant ar infrin ) Standard Deviation of the demand z Number of Standard deviations corresponding to a service level Q-Order Quantity Average Inventory level - 0/2 + SS H-Holding Cost Per Year Per Unit .Ordering/Setup Cost Per Order Total Annual Inventory Cost = ( ) + s + H(SS) Economic Order Quantity, EOQ = 208 Time Between Orders = TBO 02 Using a computerized Inventory Management System, a Paint Supply Store franchise continuously monitors the inventory of all the paint located at each of their 15 stores and their distribution warehouse. The Paint Supply Store franchise sells an average of 42 gallons of Orange Pains every week for 52 weeks per year. They purchase Orange Paint from their supplier at a price of $2.50 per gallon. The company does not hold Safety Stock] It takes 1.50 weeks to receive an order from the supplier, Administrative CSS for Ordering paling have been estimated to be 20 per order Holding Costs -25% of the purchase price per gallon per year. What is the most Economie Order Quantity Service Level z Value 3.719 3.090 Reorder Point, ROP = dL + SS d - Average Demand Rate per Time Period D-Demand Rate per Year L = Average Lead time (time periods) 55 Safety Stock 99 90 99.00% 95.00% 90.00% 85.00% 0.00% 1.036 0.842 (Assuminy Lewd Time is constant ar infrin ) Standard Deviation of the demand z Number of Standard deviations corresponding to a service level Q-Order Quantity Average Inventory level - 0/2 + SS H-Holding Cost Per Year Per Unit .Ordering/Setup Cost Per Order Total Annual Inventory Cost = ( ) + s + H(SS) Economic Order Quantity, EOQ = 208 Time Between Orders = TBO 02