Find the optimal inventory policy

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Reference no: EM131273394

For an inventory item, suppose the demand is 1200/month, lead time is 0.52 weeks, and safety stock is 5. The item cost is $16, the unit ordering cost is $40/order, and the unit carrying cost is $0.80/item/quarter.

Find the optimal inventory policy that minimizes total cost for a continuous and periodic review system.

Reference no: EM131273394

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