Homework Answers
Compute carrying cost of safety stock at 90% level as follows:
Carrying cost of safety stock = 0.50 * 7 * 1.28
Carrying cost of safety stock = 4.48
Compute carrying cost of safety stock at 95% level as follows:
Carrying cost of safety stock = 0.50 * 7 * 1.645
Carrying cost of safety stock = 5.78
Compute carrying cost of safety stock at 98% level as follows:
Carrying cost of safety stock = 0.50 * 7 * 2.054
Carrying cost of safety stock = 7.189
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