Question: Q2. (30 points) Reference: Chapter 2 Inventory management & Risk Pooling Dynamics for a TV wholesaler is given as: Demand for TV is 50 units

Q2. (30 points) Reference: Chapter 2 Inventory

Q2. (30 points) Reference: Chapter 2 Inventory management & Risk Pooling Dynamics for a TV wholesaler is given as: Demand for TV is 50 units / week Standard deviation is 30 units / week Lead time is 2 weeks Service level target is 95% Questions. Determine inventory management policy and calculate average inventory for: 1. a continous review policy 2. a periodic review policy with review period of 4 weeks Q2. (30 points) Reference: Chapter 2 Inventory management & Risk Pooling Dynamics for a TV wholesaler is given as: Demand for TV is 50 units / week Standard deviation is 30 units / week Lead time is 2 weeks Service level target is 95% Questions. Determine inventory management policy and calculate average inventory for: 1. a continous review policy 2. a periodic review policy with review period of 4 weeks

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