Question: ust need final amswer don't need calculations solve it within 30 minutes QUESTION 14 Questions 14 to 17 refer to the following situation. The Klatooine

ust need final amswer don't need calculations solve it within 30 minutes

ust need final amswer don't need calculations

QUESTION 14 "Questions 14 to 17 refer to the following situation. The Klatooine paddy frog is one of Jabba the Hutt's favorite snacks. Jabba keeps a special aquarium in his palace in which the creatures are kept (Jabba prefers to keep these creatures alive for consumption). Paddy frogs are brought to the palace once a month from Klatooine. Jabba either finishes the month's supply before month's end (and gets angry that he ran out), or if there are leftover frogs at month's end, they are thrown out when fresh ones are brought in. It cost Jabba $9 per frog (that is, he othrows out $9 if he throws out one frog at month's end). If he stocks out of frogs, he throws a tantrum and does $11 damage to the palace (each and every time he reaches for a frog during a stockout, it's another $11 damage). Jabba's consumption fluctuates from month to month -- in the long run, palace administrators have tracked that Jabba's monthly consumption is normally distributed with mean 40 frogs and standard deviation 13. How many frogs should the palace stock each month to optimally trade off the costs of overage and underage of frogs? Enter an integer number of frogs. QUESTION 15 "The price of a paddy frogs was cut in half in the market. Assume all other parameters remain the same. On the basis of this price change, palace administrators should the monthly frog order quantity that you indicated in the prior question." o increase decrease O not change QUESTION 16 The optimal monthly order quantity of frogs is the order quantity that... (select the best choice] Provides an appropriate EOQ and reorder point (ROP). Provides a 95% service level. Minimizes the annual sum of ordering costs and holding costs of frogs. Completely eliminates the risk of stocking out of frogs (that is, prevents damage to the palace!). Minimizes the long-run average and underage costs

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