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
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 weeks in a year. Refer to the standard normal tableLOADING... for zvalues.
followsDemand comma unitsyear
followsOrdering cost$order
followsHolding cost$unityear
followsAverage lead time weeks
followsStandard deviation of weekly demand units
Part
a The economic order quantity for this item is
enter your response here units. Enter your response rounded to the nearest whole number.
Part
b If Petromax wants to provide a 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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