Question: Question 4 5 points Save Answer For the following data, use the fixed order quantity inventory model and calculate the economic order quantity (EOQ) and

Question 4 5 points Save Answer For the following

Question 4 5 points Save Answer For the following data, use the fixed order quantity inventory model and calculate the economic order quantity (EOQ) and reorder point. Maintain a service level of 98% (assume a z-score of 2.05). Assume 365 days a year. Item cost Annual Holding Cost Ordering cost Demand Standard deviation of daily demand Delivery lead time $ 20 15% of item cost $ 100 per order 3000 per year 2 units 7 days

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