Solution for QID #1152: The following problems must de done using Excel QM: You can | StudyHelpMe

The following problems must de done using Excel QM: You can save it as an excel file when completeA. Omar Haaris receives 5,000 tripods annually from Top-Grade Suppliers 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. What is the optimal order quantity?B. 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. How many drives should be carried as safety stock? What is the appropriate ROP?