Determine the annual holding and order costs

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Reference no: EM132245682

Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year.

Standard Deviation 25

Lead Time 1

Ordering Cost 256

Holding Inventory 3.3

Service Probability 95

Item Cost 10

Annual Demand 25,750

a. state the order quality and reorder print

b. determine the annual holding and order costs

Reference no: EM132245682

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