Question: Consider the continuous-review inventory model with a 95% cycle service level 2 , along with the model parameters provided by Dr. Billy Corrington, calculate the

Consider the continuous-review inventory model

Consider the continuous-review inventory model with a 95% cycle service level 2 , along with the model parameters provided by Dr. Billy Corrington, calculate the total annual safety inventory holding cost of the six option types in Europe. Assume that it takes 5 weeks to ship the printer to Europe and Asia, the holding cost per year is 36% of product cost, the product cost is $400, and there are 4.333 weeks per month. 2HP actually used line item fill rate (LIFR) and order fill rate (OFR) as their performance measures. For simplicity in this homework assignment we use cycle service level instead

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