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Using the following given information, calculate the following for a Fixed Period Inventory System (aka Periodic Order Quantity or POQ)

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Using the following given information, calculate the following for a Fixed Period Inventory System (aka Periodic Order Quantity or POQ). SHOW ALL YOUR WORK!

1. Economic Time Interval (T) (NOTE: T = Q*/D) ,  
2. Optimal Replenishment Level (M) (NOTE: M = d*(T+L)), and  
3. Explain how this system would work in a sentence or two.

Given Information:

• Weekly Demand (d) = 200 cases per week
• Lead Time (L) = 2 weeks
• Order Cost (Co or S) = $60 per order
• Holding Cost (Ch or H) = $1.50 per case
• Number of Week Per Year = 52 weeks