Question: Show all work, answer fast, will thumbs up!! Thanks!! (2) Heineken, Inc. uses the Continuous Review System for managing its inventory. The annual demand for

Show all work, answer fast, will thumbs up!! Thanks!!

(2) Heineken, Inc. uses the Continuous Review System for managing its inventory. The annual demand for its product is 20,000 units. Cost to hold 1 unit of inventory for 1 year is $12.50 and the cost it incurs to place an order is $50.00. The standard deviation of weekly demand is 25 units and the firm operates for 50 weeks in a year. The lead time to receive items ordered from its suppliers is 3 weeks. It guarantees its customers that 95.0% of the time they place an order, they would be able to provide the item. Determine the following: (a) The Economic Order Quantity (EOQ) in units (2 points) (b) The optimal time between orders in weeks [2 points) (c) The optimum total inventory cost [2 points] (d) The safety stock and reorder point (both in units) [4 points]

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