Consider an economic order quantity case where annual demand D= 1,000 units, economic order quan- tity Q=200
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Consider an economic order quantity case where annual demand D= 1,000 units, economic order quan- tity Q=200 units, the desired probability of not stocking out P=.95, the standard deviation of demand during lead time = 25 units, and lead time L= 15 days. Determine the reorder point. Assume that demand is over a 250-workday year.
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Operations Management For Competitive Advantage
ISBN: 1572
11th Edition
Authors: Richard B. Chase, F. Robert Jacobs
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