Crew Soccer Shoes Company is considering a change of their current inventory control system for soccer shoes.
Question:
Average demand = 200 pairs/week
Lead time = 3 weeks
Order cost = $65/order
Holding cost = $4.00/pair/yr
Desired service level = 95 percent
Standard deviation of weekly demand = 50
Number of weeks per year = 52
The company decides to use a fixed order quantity system. What is the economic order quantity? What should be the reorder point to have a 95 percent service level? Explain how the system will operate.
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We have D 200 C o 52 65 3380 C h 4 Economic order quantity EOQ is given by EOQ 2DC o C h ...View the full answer
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Related Book For 
OM operations management
ISBN: 978-1285451374
5th edition
Authors: David Alan Collier, James R. Evans
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