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What is the reorder point for the item

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A company operating under a continuous review (Q) system has an average demand of 60 units per week for an item. It costs the company $80 to process each order. The standard deviation of demand over the 6 week lead time is 25 units. The holding cost is $10 per unit per year. The company operates 52 weeks per year and has a policy of maintaining a 90 percent cycle-service level. What is the Reorder Point for the item? (choose the range below which contains the correct answer)

Group of answer choices

less than 365

greater than or equal to 365 but less than 385

greater than or equal to 385 but less than 405

greater than or equal to 405 but less than 425

greater than or equal to 425

Reference no: EM132826603

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