Your firm uses continuous review system

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Your firm uses a continuous review system and operates 52 weeks per year. One of the SKUs has the following characteristics. Refer to the standard normal table for? z-values.

?Demand ?(D) =19,600 ?units/year

?Ordering cost? (S) = $50.00?/order

?Holding cost? (H) = 2.50?/unit/year

?Leadtime? (L) =3 ?week(s)

??Cycle-service level? = 99?%

?Demand is normally? distributed, with a standard deviation of weekly demand of 98 units.

?Current on-hand inventory is 1,040 ?units, with no scheduled receipts and no backorders.

The? item's economic order quantity is __ units. ?(Enter your response rounded to the nearest whole? number.)

Reference no: EM132253604

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