I need the answer as soon as possible A sandwich bar orders its ingredients froma food distributor for use in its city centreoperations which are open 7 days a week.The ingredients include cheese which isused across a range of sandwiches anddemand is on average 3.8 kg per day with adaily standard deviation of 2.2kg. Thecheese is delivered in packs of 2kg and thecheese costs €7.50 per kg. The sandwichbar estimates that it costs €6.50 to raise andprocess a purchase order when allmanagement time and delivery charges aretaken into account. The current distributordelivers with an average lead time of 3 daysand a standard deviation on that lead timeof 1.4 days. Annual holding costs for stockin the sandwich bar is estimated to be 22%of the cost of the material stored as space islimited.(a) Calculate the Economic Order Quantityfor the cheese. How much should thesandwich bar order and roughly how oftenwill they be placing an order on thedistributor for this product?(2(b) Calculate the reorder level the sandwichbar should use to ensure an in-stockfrequency of 99%.

Answered: for the cheese. How much should 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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for the cheese. How much should the sandwich bar order and roughly how often will they be placing an order on the distributor for this product?(2 (b) Calculate the reorder level the sandwich bar should use to ensure an in-stock frequency of 99%.