Question: Petromax Enterprises uses a continuous review inventory control system for one of its SKUs. The following information is available on the item. The firm operates

Petromax Enterprises uses a continuous review inventory control system for one of its SKUs. The following information is available on the item. The firm operates 50 weeks in a year. Refer to the standard normal table for z-values.
> Demand =50,000 units/year
> Ordering cost =$35? order
> Holding cost =$2? unit/year
> Average lead time =3 weeks
> Standard deviation of weekly demand =125 units
a. The economic order quantity for this item is units. (Enter your response rounded to the nearest whole number.)
b. If Petromax wants to provide a 90% service level, the safety stock is units (enter your response rounded to the nearest whole number)
 Petromax Enterprises uses a continuous review inventory control system for one

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