Question: 8 . EOQ ( 1 0 points ) You are the buyer for a spice company. The product you are responsible for purchasing is the
EOQ points You are the buyer for a spice company. The product you are responsible for purchasing is the new summer grilling product. This lipstick has an average demand of casesper week with a standard deviation of This item is purchased from Nevada and due to high demand has a lead time of days with a standard deviation of Each time an order is placed, the buyer incurs a cost of $ The inventory carrying cost is approximately Each case costs $ The company want to maintain a service level of for the launch. Assume weeks per yearconsider the case the unit
Find Z if service level is: Represents confidence level
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