Question: VALUE The PARAMETER Item Item cost is demanded Order cost Annual holding cost 50 weeks Annual demand 9 year Average weekly demand Standard deviation of

VALUE The PARAMETER Item Item cost is demanded Order cost Annual holding cost 50 weeks Annual demand 9 year Average weekly demand Standard deviation of weekly demand Lead time Service probability $10.00 $250.00/order 33% of item cost 25,750 units 515/week 25 units 1 week 95% a. State the order quantity and reorder point. b. Determine the annual holding and order costs. c. f a price break of $50 per order was offered for purchase quantities of over 2,000, would you take advantage of it? How much would you save annually? Natnio nlanning to make his monthly (every 30 days)

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