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Business, 14.06.2021 15:30 samirahscott

Your firm uses a continuous review system and operates 52 weeks per year. One of the SKUs has the following characteristics. Refer to the standard normal table for​ z-values. ≻Demand ​(D) =19,600 ​units/year
≻Ordering cost​ (S) = $50.00​/order
≻Holding cost​ (H) = 2.50​/unit/year
≻Leadtime​ (L) =3 ​week(s)
≻​Cycle-service level​ = 99​%
≻Demand is normally​ distributed, with a standard deviation of weekly demand of 98 units.  
≻Current on-hand inventory is 1,040 ​units, with no scheduled receipts and no backorders.
The​ item's economic order quantity is 885 units. ​(Enter your response rounded to the nearest whole​ number.)
The average time between orders is __ weeks. ​(Enter your response rounded to two decimal​ places.)
To provide a 92 percent​ cycle-service level, the safety stock for this item is __units. ​(Enter your response rounded to the nearest whole​ number.)
To provide a 92 percent​ cycle-service level, the reorder point for this item is __units. ​(Enter your response rounded to the nearest whole​ number.)
For these​ policies, the annual cost of holding the cycle inventory is $ __ ​(enter your response rounded to two decimal​places)

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