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The following table contains information about the inventory management of a stock - keeping unit. Using this information, what is the economic time interval for
The following table contains information about the inventory management of a stockkeeping unit. Using this information, what is the economic time interval for securing an optimal policy for a fixedperiod system FPS Assume one year has weeks.
Inventory Data for FixedPeriod System
tableDemand units per yearOrder Cost,$ per orderInventoryHolding Cost,$ per unit per yearLead Time, weeksStandard Deviation in Weekly Demand,Service Level, percent
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