Question: PLEASE SHOW ALL WORK 3. (12 points) A store has collected the following information on one of its products: Demand - 200 units/week Standard deviation

PLEASE SHOW ALL WORK PLEASE SHOW ALL WORK 3. (12 points) A store has

3. (12 points) A store has collected the following information on one of its products: Demand - 200 units/week Standard deviation of weekly demand = 25 units Ordering costs = $30/order Holding costs = $4/unit year Customer service level = 95% (z for 95% = 1.65) Lead-time = 2 weeks One year = 50 weeks a. (7 points) If a firm uses the continuous review system to control the inventory, what would be the order quantity and reorder point? b. (5 points) The firm decided to change to the periodic review system to control the item's inventory. The review period is 2 weeks. For the most recent review, an inventory clerk checked the inventory of this item and found 200 units. There were no scheduled receipts or backorders at the time. How many units should be ordered

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