(Answered) Regional supermarket is open 360 days per year daily use of

Management Studies

Regional Supermarket is open 360 days per year. Daily use of cash register tape averages 10 rolls. Usage appears normally distributed with a standard deviation of 2 rolls per day. The cost of ordering tape is $ 1, oforder-ingtapeis$1, and carrying costs are 40 cents per roll a year. Lead time is three days.
a. What is the EOQ?
b. What ROP will provide a lead time service level of 96 percent?

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