08 Jun Question ***2 Questions. Please explain
Question
***2 Questions. Please explain answer and show work, please put on separate tabs in microsoft excel. will give 5 star rating***
Question 1
Omar Haaris receives 5000 tripods annually from Top-Grade Supplier to meet his annual demand. Omar runs a large photographic outlet, and the tripods are used primarily with 35mm cameras. The ordering cost is $15 per order, and the carrying cost is $0.50 per unit per year. Weekly demand is 100 tripods.
A) What is the optimal order quantity?
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QUESTION 2
Based on available information, lead time demand for CD-ROM drives averages 250 units (normally distributed), with a standard deviation of 25 drives. Management wants a 98% service level.
A) How many drives should be carried as safety stock?
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