Question: Part d is incomplete. But please solve the rest!! A company begins a review of ordering policies for its continuous review system by checking the

Part d is incomplete. But please solve the rest!!

A company begins a review of ordering policies for its continuous review system by checking the current policies for a sample of SKUs. Following are the characteristics of one item. Demand 1D2 = 64 units>week 1Assume 52 weeks per year2 Ordering or setup cost 1S2=$50 /order Holding cost 1H2=$13/ unit/year Lead time 1L2=2 weeks Standard deviation of weekly demand =12 units Cycle@service level = 88 percent a. What is the EOQ for this item? b. What is the desired safety stock? c. What is the reorder point? d. What are the cost implications if Develop the best policies for a periodic review system. e. What value of P gives the same approximate number of orders per year as the EOQ? Round to the nearest week. f. What safety stock and target inventory

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