A store has collected the following information on one of its products: Demand = 10,000 units/year; Standard deviation of weekly demand = 25 units Ordering costs = $30/order; Holding costs = $4/unit/year Cycle-service level = 95% ; Lead-time = 2 weeks; Number of weeks per year = 50 weeks The firm decided to change to the periodic review system to control the item's inventory. What is the target inventory level? (hint: calculate EOQ and TBO to determine P...as in the problem solved in class) O 800 883 683 458

A store has collected the following information on one of its products: Demand =10,000 units/year; Standard deviation of weekly demand =25 units Ordering costs =$30/ order; Holding costs =$4/ unit / year Cycle-service level =95%; Lead-time =2 weeks; Number of weeks per year =50 weeks The firm decided to change to the periodic review system to control the item's inventory. What is the target inventory level? (hint: calculate EOQ and TBO to determine P...as in the problem solved in class) 800 883 683 458