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The annual demand for a product is 1 5 , 6 0 0 units. The weekly demand is 2 8 0 units with a standard

The annual demand for a product is 15,600 units. The weekly demand is 280 units with a standard deviation of 90 units. The cost to place an order is $31.00 and the time from ordering to receipt is four weeks. The annual inventory carrying cost is $0.10 per unit. What is the EOQ quantity (round to integer)?
2910
3010
3110
None of the above
QUESTION 2
Based on the problem description above, what is the reorder point (round to integer) to maintain a 95% service level?
1415
1515
1615
None of the above
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