Question: We have a plan to order 1000 units each time we order. We don't know if this is ideal, but we are going to do

We have a plan to order 1000 units each time we

We have a plan to order 1000 units each time we order. We don't know if this is ideal, but we are going to do it anyhow. We want to know the resulting annual cost to manage this product. Annual demand is predicted to be 14028 units and is treated as a constant. Creating a new order requires time, travel, fees, and other costs which are estimated to cost $1566 per order. Obviously we'd rather not pay this fee often, but we must also consider the holding costs of storing items. Our finance and accounting teams tell us that the annual cost of holding one unit of inventory is $2.60. We pay $13 per unit when we purchase them. If we order Q=1000, how much do we pay for purchasing, transactions, and holding per year? Round to the nearest dollar. The answer will accept within about $100 QUESTION 21 If demand is normally distributed and service level is 90.66%, what is the zSL

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