Continuous review system to control the inventory

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Reference no: EM133663886

Question

A store has collected the following information on one of its products: Demand = 20,000 units/ year Standard deviation of weekly demand = 49 units Ordering costs = $45/order Holding costs = $5/unit/year Cycle-service level = 97% Lead time - 3 weeks Number of weeks per year - 50 weeks If the store uses the continuous review system to control the inventory, what is the order quantit (round to the nearest integer).

Reference no: EM133663886

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