Question: The average time between orders is __ weeks. (Enter your response rounded to two decimal places.) To provide a 92 percent cycle-service level, the safety

The average time between orders is __ weeks.

The average time between orders is __ weeks. (Enter your response rounded to two decimal places.)

To provide a 92 percent cycle-service level, the safety stock for this item is __units. (Enter your response rounded to the nearest whole number.)

To provide a 92 percent cycle-service level, the reorder point for this item is __units. (Enter your response rounded to the nearest whole number.)

For these policies, the annual cost of holding the cycle inventory is $ __ (enter your response rounded to two decimal places)

The average time between orders is __ weeks. (Enter your response rounded to two decimal places.)

To provide a 92 percent cycle-service level, the safety stock for this item is __units. (Enter your response rounded to the nearest whole number.)

To provide a 92 percent cycle-service level, the reorder point for this item is __units. (Enter your response rounded to the nearest whole number.)

For these policies, the annual cost of holding the cycle inventory is $ __ (enter your response rounded to two decimal places)

Your firm uses a continuous review system and operates 52 weeks per year. One of the SKUs has the following characteristics. Refer to the standard normal table for z-values. > Demand (D) = 18,600 units/year > Ordering cost (S) = $50.00/order > Holding cost (H) = $4.25/unit/year > Lead time (L) = 4 week(s) > Cycle-service level = 90% > Demand is normally distributed, with a standard deviation of weekly demand of 93 units. > Current on-hand inventory is 1,040 units, with no scheduled receipts and no backorders. The item's economic order quantity is units. (Enter your response rounded to the nearest whole number.)

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