Question: ( 1 2 points ) A store has collected the following information on one of its products: Demand = 4 0 units / day Standard
points A store has collected the following information on one of its products:
Demand unitsday
Standard deviation of daily demand units
Ordering costs $ order
Holding costs $unityear
Customer service level for
Leadtime days
One year operating days
a points If a firm uses the continuous review system to control the inventory, what would be the order quantity and reorder point?
b points The firm decided to change to the periodic review system to control the item's inventory. The review period is days. For the most recent review, an inventory clerk checked the inventory of this item and found units. There were no scheduled receipts or backorders at the time. How many units should be ordered?
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