please answer all the 4 parts, please? Your firm uses the continuous review system to manage a product, and operates 52 weeks a year.The product has the following characteristics:Ordering cost = $40 per orderInventory-holding cost = $5 per unit per year%3DLeadtime = 4 weeksWeekly demand is normally distributed with mean 200 and standard deviation 12. You want tosatisfy a 95% probability of not running out of stock in any one ordering cycle. (Note! z 95=1.65)(a) What is the average demand during leadtime?units(b) What should be the safety stock? Answer with a whole number.units(c) What should be the reorder point? Answer with a whole number.units(d) What should be the order quantity? Answer with a whole number.units

Given data: Ordering cost = $ 40/order weeks operational (D)= 52 weeks Holding cost = $5 per…

Answered: Your firm uses the continuous review…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

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

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