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Weekly Average Demand 160 Standard deviation of (weekly) demand 30 Setup cost ($) 1900 Lead time (in weeks) 1 Procurement cost ($) 250 Holding cost
Weekly Average Demand 160 Standard deviation of (weekly) demand 30 Setup cost ($) 1900 Lead time (in weeks) 1 Procurement cost ($) 250 Holding cost /unit/week ($) 5
You are given the demand and inventory related information about a grocery stores product in the table. The store is open for 46 weeks in a year. What is the reorder point if it wants to achieve a service level of 99%? (Do not round your intermediate calculations. Round your final answers to the nearest whole number
| Weekly Average Demand | 160 |
| Standard deviation of (weekly) demand | 30 |
| Setup cost ($) | 1900 |
| Lead time (in weeks) | 1 |
| Procurement cost ($) | 250 |
| Holding cost /unit/week ($) | 5 |
You are given the demand and inventory related information about a grocery stores product in the table. The store is open for 46 weeks in a year. What is the reorder point if it wants to achieve a service level of 99%? (Do not round your intermediate calculations. Round your final answers to the nearest whole number
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