Question: If the store uses the continuous review system to control the inventory, what is the order quantity and the reorder point (round to the nearest
If the store uses the continuous review system to control the inventory, what is the order quantity and the reorder point (round to the nearest integer)?
A store has collected the following information on one of its products: Demand =20,000 units/year Standard deviation of weekly demand =49 units Ordering costs =$45/ order Holding costs =$5/ unit/year Cycle-service level =97% Lead time =3 weeks Number of weeks per year =50 weeks
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