2 8 3 103 52. A manager must set up inventory ordering systems for two new production items, P34 and P35. P34 can be ordered at any time, but P35 can be ordered only once every four weeks. The com- pany operates 50 weeks a year, and the weekly usage rates for both items are normally distrib- uted. The manager has gathered the following information about the items: Item P34 Item P35 Average weekly demand 60 units 70 units Standard deviation 4 units per week 5 units per week Unit cost $15 $20 Annual holding cost 30% 30% Ordering cost $70 $30 Lead time 2 weeks 2 weeks Acceptable stockout risk 2.5% 2.5% a. When should the manager reorder each item?
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