Question: Use the information given in Problem 5, plus the fact that it has been determined that demand in any 50-day period exceeds 4000 jars only

Use the information given in Problem 5, plus the fact that it has been determined that demand in any 50-day period exceeds 4000 jars only once out of every 100 50-day periods. This outage level (of 1 in 100 LT periods) is considered acceptable by P/OM and their marketing colleagues. Set up the periodic inventory system. (EOQ with stock-outs.)

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