You are in charge of inventory control of a highly successful product retailed by your firm. Weekly demand for this item varies, with an average of 150 units and a standard deviation of 25 units. It is purchased from a wholesaler at a cost of $20.00 per unit. The supply lead time is 6 weeks. Placing an order costs $48.00, and the inventory carrying rate per year is 25 percent of the item's cost. Your firm operates 7 days per week, 51 weeks per year. Refer to the standard normal tableLOADING... for z-values.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

Answerone player's optimal action choice taking the other player's action as given;