Question: A retail store operates 52 weeks per year, 7 days per week, and uses a continuous review inventory system. It purchases apples for $11.50 per

A retail store operates 52 weeks per year, 7 days

A retail store operates 52 weeks per year, 7 days per week, and uses a continuous review inventory system. It purchases apples for $11.50 per bag. The following information is available about these bags. >Demand = 96 bags/week >Order cost = $58/order >Annual holding cost = 26 percent of cost >Desired cycle-service level=92 percent >Lead time = 2 week(s) (14 working days) >Standard deviation of weekly demand = 10 bags 440.08 bags. 4.58 weeks. 19.94 bags 211.94 bags. (Enter your response rounded to two decimal places.) What is the EOQ? What would be the average time between orders (in weeks)? What is the safety stock ? What should ROP be? The store currently uses a lot size of 505 bags What is the annual holding cost of this policy? What is the annual ordering cost? What are the costs if the store uses EOQ for ordering ? The annual holding cost with the EOQ is The annual ordering cost with the EOQ is How much would the store save by ordering EOQ? 754.98 tA A 573.34 657.92 At A 657.92 12.48

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