Question: PARAMETER VALUE Item cost $ 1 0 . 0 0 Order cost $ 2 5 0 . 0 0 per order Annual holding cost 3

PARAMETER VALUE
Item cost $10.00
Order cost $250.00 per order
Annual holding cost 33% of item cost
Annual demand 25,750 units
Average weekly demand 515for week
Standard deviation of weekly demand 25units
Lead time 1 week
Service probability 95%
Determine the order quantity and reorder point.
Note: Use Excel\'s NORM.S.INV() function to find the z value. Round z value to 2 decimal places and final answer to the nearest whole number.

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