Question: Using the same information as in Problem 21, develop the best policies for a periodic review system. a. What value of P gives the same

Using the same information as in Problem 21, develop the best policies for a periodic review system.

a. What value of P gives the same approximate number of orders per year as the EOQ? Round to the nearest week.

b. What safety stock and target inventory level provide an 88 percent cycle-service level?

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