Question: Having Fun Party Supplies has implemented a new ordering system and plans to order themed birthday party sets using a periodic review inventory system. Given

Having Fun Party Supplies has implemented a new ordering system and plans to order themed birthday party sets using a periodic review inventory system. Given the information below for various products calculate the information needed. A product's fixed cost of ordering is expected to be $300 per order using the automated system; the historical data shows that demand for the product is 500 set per month with a standard deviation of 25 sets per month. The inventory holding rate is 36% per year, and each set costs $151, and lead time is 2.0 month, the z value corresponding to the target fill rate during the lead time is 1.13. Given this information calculate the optimal review interval in months (assume one year is 52 weeks, and one month is four weeks, round the results to three decimal points e.g., abc.cde)
 Having Fun Party Supplies has implemented a new ordering system and

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