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An Auto Parts Store (Open 350 Days Per Year) in a Major

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An auto parts store (open 350 days per year) in a major metropolitan area reviews its inventory on a periodic basis using a computer system.It has recently been experiencing some problems with a particular part, a tune?up kit.The kit is bought from a U.S.manufacturer.The annual demand for these kits is 10,500.The cost to carry one kit in inventory for one year is $4.90, and the cost to place a replenishment order is $17 per order.Replenishment lead time is 4 days.
a.What should be the review period for these tune-up kits?
b.What is the optimal replenishment level without safety stock?
c.What is the optimal replenishment level with safety stock, assuming a 95 percent service level?

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Interpersonal Level

Pertains to interactions and relationships between individuals, often focusing on communication, social behavior, and emotional exchange.

Social Interactions

are the exchanges between two or more individuals, involving communication, behavior, and influence, foundational to the structure of society and personal relationships.

Psychological Processes

The mental functions and mechanisms by which individuals perceive, think, feel, and act in various situations.

Experimental Science

A method of scientific investigation involving the manipulation of variables to determine cause and effect relationships within a controlled environment.

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