Sarahs Muffler Shop has one standard muffler that Fits a large variety of cars. Sarah wishes to
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Sarah’s Muffler Shop has one standard muffler that Fits a large variety of cars. Sarah wishes to establish a reorder point system to manage inventory of this standard muffler. Use the following information to determine the best order size and the reorderpoint:
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Annual demand 3,500 mufflers Standard deviation of 6 mufflers per working day Ordenng cost $50 per order service probability 90% daily demand Item cost Annual holding cost $30 per muffler 25% of item value Lead time working days 2 working days 300 per year
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Related Book For
Operations and Supply Chain Management
ISBN: 978-0078024023
14th edition
Authors: F. Robert Jacobs, Richard Chase
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