Question: b Peterson Enterprises uses a fixed order quantity inventory control system. The firm operates 50 weeks per year and has the following characteristics for an

Peterson Enterprises uses a fixed order quantity inventory control system. The firm operates 50 weeks per year and has the following characteristics for an item: Demand = 50,000 units/year Ordering cost = $30/order Inventory-carrying cost as a percent of item value = 25% Item (Unit) value = $8 Lead time weeks Standard deviation in weekly demand = 125 units What is the total order and inventory-holding cost? 3000 2450 2457 2302

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