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B NTUC is using a fixed period inventory system to control its inventory of brown sugar ice cream. The average monthly demand is 1000 tubs

B NTUC is using a fixed period inventory system to control its inventory of brown sugar ice cream. The average monthly demand is 1000 tubs and the following information is available

Lead time = 1 month Ordering cost = $150/order Unit price =$10 Holding/Carrying rate = 20% Standard deviation of monthly demand = 80 Assume 4 weeks per month Service level = 90%

Analyse the review period and optimal replenishment level with safety stock. Comment how system should be managed.

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