Question: Answer in excel and show how to do it if possible A company begins a review of ordering policies for its continuous review system by

Answer in excel and show how to do it if possible

Answer in excel and show how to do it if possible

A company begins a review of ordering policies for its continuous review system by checking the current policies for a sample of SKUs. Following are the characteristics of one item: > Demand (D) = 84 units/week (Assume 51 weeks per year) > Ordering and setup cost (S) = $90/order > Holding cost (H) = $18/unit/year > Lead time (L) = 5 week(s) > Standard deviation of weekly demand = 21 units > Cycle-service level = 90 percent > EOQ = 207 units Using the above information, develop the best policies for a periodic review system. Refer to the standard normal table for z-values. a. What value of P gives the same approximate number of orders per year as the EOQ? weeks. (Enter your response rounded to the nearest whole number.) b. To provide a 90 percent cycle-service level, the average safety stock is units. (Enter your response rounded to the nearest whole number.) To provide a 90 percent cycle-service level, the target inventory level is units. (Enter your response rounded to the nearest whole number.)

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