Question: Question content area Part 1 Petromax Enterprises uses a continuous review inventory control system for one of its SKUs. The following information is available on

Question content area
Part 1
Petromax Enterprises uses a continuous review inventory control system for one of its SKUs. The following information is available on the item. The firm operates 52 weeks in a year. Refer to the standard normal tableLOADING... for z-values.
followsDemand =83 comma 200units/year
followsOrdering cost=$32.50/order
followsHolding cost=$2.50/unit/year
followsAverage lead time=9 weeks
followsStandard deviation of weekly demand=120 units
Part 2
a. The economic order quantity for this item is
enter your response here units. (Enter your response rounded to the nearest whole number.)
Part 3
b. If Petromax wants to provide a 90% service level, the safety stock is
enter your response here units (enter your response rounded to the nearest whole number) and the reorder

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