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5) (15 points) Three products are ordered by a distributor from the same vendor. The product data are given in the following table. Ordering cost

image text in transcribed 5) (15 points) Three products are ordered by a distributor from the same vendor. The product data are given in the following table. Ordering cost is $3 and holding cost is 24% per year. Assume 1 year is 52 weeks. Assuming a base period of one week, determine the time between orders for each item individually according to the power of two policy In order to provide protection against shortages, the distributor decides to set safety stock levels. The lead time to receive the orders for all the items is one week. What type of inventory policy should be implemented in order to keep the convenience of the power of two policy while providing a cycle service level of 98% ? Determine the inventory policy parameters for item A

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