Question: A manager must set up inventory ordering systems for two new production items: P 3 4 and P 3 5 . P 3 4 can

A manager must set up inventory ordering systems for two new production items: P34 and P35. P34 can be ordered at any time, but P35 can be ordered only once every 4 weeks. The company operates 50 weeks a year, and the weekly usage rates for both items are normally distributed. The manager has gathered the following information about the items.Item P34Item P35Average weekly demand60 units70 unitsStandard deviation4 units per week5 units per weekUnit cost$15$20Annual holding cost30%30%Ordering cost$70$30Lead time2 weeks2 weeksAcceptable stockout risk2.5%2.5%a. When should the manager reorder each item?b. Compute the order quantity for P34.c. Compute the order quantity for P35 if 110 units are on hand at the time the order is placed

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