Help me understand how to do this problem You AnsweredCorrect AnswersWeekly Average DemandStandard deviation of (weekly) demandSetup cost ($)Lead time (in weeks)Procurement cost ($)Holding cost /unit/week ($)You are given the demand and inventory related information about a grocery store's product in the table.The store is open for 53 weeks in a year. What is the reorder point if it wants to achieve a service levelof 98% ? (Do not round your intermediate calculations. Round your final answers to the nearest wholenumber. Only enter a number. Do not enter any units.posted.)34721030100023004507 (with margin: 3)Recall that the reorder point is equal to expected demand during lead time + stdev during leadtime x z_value of the service level

Weekly Average Demand (d) = 210The standard deviation of (weekly) demand (σd) = 30Setup cost =…

Answered: Weekly Average Demand 210 Standard…

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter10: Digital Marketing And Social Networking

Section10.2: Dollar Shave Club Faces Sharp Competition

Problem 2C

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