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You are the operations manager of a firm that uses the continuous-review inventory control system (Q system). Suppose the firm operates 52 weeks a year

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You are the operations manager of a firm that uses the continuous-review inventory control system (Q system). Suppose the firm operates 52 weeks a year and has the following characteristics for its primary item: Demand = 25,000 units/year = 480 units / week Ordering cost = $30/order Holding cost = $8/unit/year A) Assuming constant demand and zero-order lead time, what is the economic order quantity (EOQ) for this item? B) What is the time between orders in terms of weeks based on economic order quantity (EOQ)? c) What is the total inventory cost (=order cost + holding cost) per year based on the economic order quantity (EOQ)? Now let's change the assumptions of demand and order lead time. In addition to the information provided above, you found that demand is not constant and follows a normal distribution with a standard deviation in weekly demand at 100 units. The order lead time is 2 weeks. You need to use the normal distribution table uploaded to Blackboard. D) What safety stock level provides a 95% cycle-service level?| E) What is the reorder point for this item if they use a 95% service level? Based on the same information above, now you decide to use the periodic review system (P system) to control the item depicted above. It reviews the item's status every 4 weeks (P = 4). F) What is the target inventory level (T)? G) Following question 5f, at the most recent inventory review, an inventory clerk found 1,000 units. How many units should be ordered

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