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large hospital uses a certain intravenous solution that it maintains in inventory. Assume the hospital uses reorder point method to control the inventory of this

large hospital uses a certain intravenous solution that it maintains in inventory. Assume the hospital uses reorder point method to control the inventory of this item. Assume the hospital operates 52 weeks per year. Pertinent data about this item are as follows:Forecast of demanda =1,000 units per weekForecast errora, std. dev. =50 units per weekLead time =4 weeksCarrying cost =25% per yearPurchase price, delivered = $52 per unitReplenishment order cost = $20 per orderStockout cost = $10 per unitIn-stock Probability during the lead time =90% a Normally distributedDue to possible rounding effect, please pick the closest number in the following options.If the lead time is normally distributed with a mean of 4 weeks and a standard deviation of 0.5 weeks, what's the reorder point?

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