For a specific item, the annual demand and ordering costs

remain same from year $2023$ to year $2024,$ but the

holding cost increases by $20\%.$ By what percentage

approximately will the EOQ change?

Answer:

A company experiences a normal demand pattern for a

particular product with a mean demand of $200$ units per

week and a standard deviation of $40$ units. The lead time

for replenishing inventory is $2$ weeks, and the company

aims for a $95\%$ service level. Calculate the safety stock

required. Round your answer to the nearest whole

number.

Answer: