Question: 5. Given the following information, formulate an inventory management system. The item demanded 50 weeks a year. a. Determine the order quantity and reorder point.

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

5. Given the following information, formulate an inventory management system. The item demanded 50 weeks a year. a. Determine the order quantity and reorder point. Determine the annual holding and order costs. b. Determine the annual holding and order costs

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