Just need f. Average weekly demand (52 weeks per year): 71printersStandard deviation of weekly demand: 19printersOrder lead time: 5weeksStandard deviation of order lead time: 0 (lead times are constant)Item cost: $170per printerCost to place an order: $5Yearly holding cost per printer: $39Desired service level during reordering period: 95%(z=1.65) One of the products sold by OfficeMax is a Hewlett-Packard LaserJet Z99 printer. Aspurchasing manager, you have the following information for the printer:i Click the icon to view the information for the printer.a. The EOQ is 31 (Enter your response rounded to the nearest whole number.)b. The annual ordering costs and holding costs (ignoring safety stock) for the EOQ is $ 1,199.(Enter your response rounded to the nearest dollar.)c. Suppose OfficeMax currently orders 170 printers at a time.OfficeMax would pay $ 2006 less in holding and ordering costs per year if it ordered just 17printers at a time. (Enter your response rounded to the nearest dollar.)d. The reorder point for the printer is 426 printers. (Enter your response rounded up to thenearest whole number.)The safety stock for the printer is 71 printers. (Enter your response rounded up to the nearestwhole number.)e. Use the following formula to consider the impact of safety stock (SS) on average inventorylevels and annual holding costs:(2 + SSHThe annual inventory holding cost, including the safety stock, is $6,084. (Enter your responserounded to the nearest dollar.)The annual safety stock holding cost is $ 2,769. (Enter your response rounded to thenearest dollar.)f. Suppose OfficeMax is able to cut the lead time to a constant 3 weeks.The new safety stock level iswhole number.)(Enter your response rounded up to the nearest

Note:only sub parts-(f) has been answered as mentioned in the question (f)Continuous review- fixed…

Answered: f. Suppose OfficeMax is able to cut the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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← William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics: Demand D 19,400 units/year Ordering cost S $27/order Holding cost H $5/unit/year a) The EOQ for the workbooks is 458 (round your response to the nearest whole number). b) What are the annual holding costs for the workbooks? $ 1145 (round your response to the nearest whole number). c) What are the annual ordering costs? $ (round your response to the nearest whole number).
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Average weekly demand (52 weeks per year):		71 printers
Standard deviation of weekly demand:		19 printers
Order lead time:		5 weeks
Standard deviation of order lead time:		0 (lead times are constant)
Item cost:		$170 per printer
Cost to place an order:		$5
Yearly holding cost per printer:		$39
Desired service level during reordering period:		95% (z=1.65)

f. Suppose OfficeMax is able to cut the lead time to a constant 3 weeks. The new safety stock level is whole number.) (Enter your response rounded up to the nearest