Question: Weekly Average Demand 160 Standard deviation of (weekly) demand 30 Setup cost ($) 1900 Lead time (in weeks) 1 Procurement cost ($) 250 Holding cost
Weekly Average Demand 160
Standard deviation of (weekly) demand 30
Setup cost ($) 1900
Lead time (in weeks) 1
Procurement cost ($) 250
Holding cost /unit/week ($) 5

You are given the demand and inventory related information about a grocery stores product in the table. The store is open for 46 weeks in a year. What is the reorder point if it wants to achieve a service level of 99%? (Do not round your intermediate calculations. Round your final answers to the nearest whole number

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