Question: 4. Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year. a. State the order quantity and reorder

4. Given the following information, formulate an inventory management system. The

4. Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year. a. State the order quantity and reorder point. b. Determine the annual holding costs. c. Please explain why the average inventory is calculated as Q/2+ safety stock

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