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Boeing orders a small part (component) used in many of its wing assemblies. Below is some...

Boeing orders a small part (component) used in many of its wing assemblies. Below is some information on this part:

Cost per case = $395

Parts per case = 100

Daily usage of parts per day (demand) = 35

Standard deviation of daily demand = 8

Purchasing lead time (in days) = 15

Desired service level = 98%

Ordering (administrative) costs = $200

Annual interest earned on cash = 10%

What should be the safety stock for this part (in parts, not cases)? (Display your answer to two decimal places.)

What should be the reorder point (in parts, not cases)? (Display your answer to twodecimal places.)

What is the economic order quantity (in parts, not cases)? (Display your answer to the nearest whole number.

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