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The annual demand for a product is 1 5 , 6 0 0 units . The weekly demand is 3 0 0 units with a

The annual demand for a product is 15,600units. The weekly demand is 300 units with a standard deviation of 90 units. The cost to place an order is $31.20,
and the time from ordering to receipt is four weeks. The annual inventory carrying cost is $0.10 per unit. How much to order? Find the optimal ordering quantity. When to order? Find the reorder point necessary to provide a 96% service level. Compose a sentence of inventory policy.

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