Problem $3\mathrm{.}2$

Given the following information, develop an inventory management system. The item is demanded $50$ weeks a year.

$\backslash$table$[[$Item cost$,$$$10\mathrm{.}00,$Standard deviation of weekly demand,$25$ per week$],[$Fixed Order cost,$$250\mathrm{.}00,$Lead time,$1$ week$],[$Annual holding cost $(\%),33\%$ of item cost,Service level $($no stock$-$out probability$),95\%$