A golf specialty wholesaler operates 50 weeks per year. Management is trying to determine an inventory policy for its1-irons, which have the following characteristics:> Demand (D) = 2,000 units/year> Demand is normally distributed> Standard deviation of weekly demand = 2 units> Ordering cost = $30/order> Annual holding cost (H) = $5.00/unit> Desired cycle-service level = 85%> Lead time (L) = 4 weeksRefer to the standard normal table for z-values.a. If the company uses a periodic review system, P should be 3.87 weeks. (Enter your response rounded to thenearest whole number.)T should be units. (Enter your response rounded to the nearest whole number.)

Here, given that this company uses a period review system, I would determine the EOQ quantity, from…

Answered: Refer to the standard normal table for…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Refer to the standard normal table for z-values. a. If the company uses a periodic review system, P should be 3.87 weeks. (Enter your response rounded to the nearest whole number.) T should be units. (Enter your response rounded to the nearest whole number.)