Question: Problem 20 Question Help Your firm uses a continuous review system and operates 62 weeks per year. One of the SKUs has the following characteristics.

Problem 20 Question Help Your firm uses a
Problem 20 Question Help Your firm uses a continuous review system and operates 62 weeks per year. One of the SKUs has the following characteristics. Refer to the standard normal table for z-values Demand (D) = 19,000 unitsyear Ordering cost (S) = $35.00/order > Holding cost (H) = $2.50/unit/year > Lead time (L) = 3 week(o) > Cycle-service level 98% > Demand is normally distributed, with a standard deviation of weekly demand of 95 units Current on hand inventory is 1,040 units, with no scheduled receipts and no backorders, The Hom's economic order quantity is 720 units. (Enter your response rounded to the nearest whole number) The average time between orders in 1.99 weeks. (Enter your response rounded to two decimal places.) To provide a 98 percent cycle-service level, the safety stock for this tem is units. (Enter your response rounded to the nearest whole number)

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