Question: The Greyhound Company is considering changing its current inventory-control system for electronic picture frames. The information regarding one e-frame is given below: Average demand =

The Greyhound Company is considering changing its current inventory-control system for electronic picture frames. The information regarding one e-frame is given below:

Average demand = 230 units/week

Lead time = 2 weeks

Order cost = $60/order

Unit cost = $83

Carrying charge rate = 0.060

Desired service level = 95 percent

Standard deviation of weekly demand = 46

Number of weeks per year = 52

Use the FPS Safety Stock Excel template in MindTap to compute T and M for a fixed-period inventory system model with and without safety stock. Use the rounded EOQ value in your calculations. Use Appendix A to determine z-value. Round z-value to two decimal places. Do not round intermediate calculations. Round your answer for T up to the nearest whole number and round your answer for M to the nearest whole number.

T: weeks

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