Formulate continuous-review inventory management system

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Reference no: EM131119284

Given the following information, formulate a continuous-review inventory management system. The item is demanded 50 weeks a year. Item cost $80 Standard deviation of weekly demand Order cost $100 25 per week Annual holding cost (%) 10% of item cost Lead time 1 week Annual demand 25,000 Service probability 97% Average demand 500 per week

Reference no: EM131119284

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