You are the operations manager of a firm that uses the continuous review inventory control system. Suppose the firm operates 252 days a year and has the following characteristics for its primary item: Demand = 25,000 units/year Ordering cost = $23/order Holding cost = $5/unit/year Lead time = 4 days Standard deviation in daily demand = 9 units What is the expected time between orders (T) per year (to the nearest whole number)? Your Answer: Your Answer Question 11 (2 points) You are the operations manager of a firm that uses the continuous review inventory control system. Suppose the firm operates 252 days a year and has the following characteristics for its primary item: Demand = 25,000 units/year Ordering cost = $16/order Holding cost = $2/unit/year Lead time = 4 days Standard deviation in daily demand = 4 units What is the total setup cost per year (to the nearest whole number)? Your Answer: Your Answer