A golf specialty wholesaler operates 50 weeks per year Management

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A golf specialty wholesaler operates 50 weeks per year. Management is trying to determine an inventory policy for its 1-irons, which have the following characteristics: Demand (D) = 2,000 units/year. Demand is normally distributed Standard deviation of weekly demand =3 units Ordering cost $40/order Annual holding cost (H) = $5/units Desired cycle-service level = 90% Lead time (L) = 4 weeks a. If the company uses a periodic review system, what should P and T be? Round P to the nearest week b. If the company uses a continuous review system, what should R be?

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