Question: please help Your firm uses a continuous review system and operates 52 weeks per year. One of the SKUs has the following characteristics. Refer to

please help
Your firm uses a continuous review system and operates 52 weeks per year. One of the SKUs has the following characteristics. Refer to the standard normal table for z-values. >Demand (D) = 18,600 units/year Ordering cost (S) = $35.00/order > Holding cost (H) = $2.50/unit/year >Lead time (L) = 1 week(s) - Cycle-service level = 98% >Demand is normally distributed, with a standard deviation of weekly demand of 93 units. > Current on-hand inventory is 1.040 units, with no scheduled receipts and no backorders. a hi The item's economic order quantity is units. (Enter your response rounded to the nearest whole number)Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
