Question: Question Completion Status: > A Moving to another question will save this response. Question 4 of 6 Question 4 5 points Save Answer For the

Question Completion Status: > A Moving to another

Question Completion Status: > A Moving to another question will save this response. Question 4 of 6 Question 4 5 points Save Answer For the following data, use fixed time-period inventory model and calculate the economic order quantity (EOQ). The existing inventory position is 200 units and service level to maintain is 98% (assume a z-score of 2.05). Assume 365 days a year, and review period of 30 days. 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 Arial 3 (12pt) Words:0 Path:p

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