Question: Weekly Average Demand 1 5 4 Standard deviation of ( weekly ) demand 3 5 Setup cost ( $ ) 1 1 0 0 Lead

Weekly Average Demand 154
Standard deviation of (weekly) demand 35
Setup cost ($)1100
Lead time (in weeks)2
Procurement cost ($)200
Holding cost /unit/week ($)4
You are given the demand and inventory related information about a grocery stores popular product in the table. The store is open for 42 weeks in a year. What is the economic order quantity

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