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4. Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year. a. State the order quantity and reorder

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4. Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year. a. State the order quantity and reorder point. b. Determine the annual holding costs. c. Please explain why the average inventory is calculated as Q/2+ safety stock

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