Petromax Enterprises uses a continuous review inventory control system for one of its SKUs. The following information is availab
le on the item. The firm operates 52 weeks in a year. Refer to the standard normal table for z-values. Demand = 78,000 units/year Ordering cost=$38.00/order Holding cost=$3.00/unit/year Average lead time=9 weeks Standard deviation of weekly demand = 120 units The economic order quantity for this item is square box units. (Enter your response rounded to the nearest whole number.) If Petromax wants to provide a 96% service level, the safety stock is square box units (enter your response rounded to the nearest whole number) and the reorder point is square box units (enter your response rounded to the nearest whole number).
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