Question: The demand and order data for a product is given below: Average demand = 2 0 0 items / week . Normally distributed. Standard deviation

The demand and order data for a product is given below:
Average demand =200 items/week. Normally distributed.
Standard deviation of demand =49 items/week
Order cost =$100? order
Holding cost rate =20%
Unit cost =$40
Lead time =1 week (constant)
Operating weeks =50 weeks a year.
a. Calculate the economic order quantity for the product.
b. Calculate the safety stock for the product. Required Cycle Service Level (CLS) is 95%.
c. What are the maximum and average space requirements? Show all calculations to earn full credit.
 The demand and order data for a product is given below:

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