Cynthia Baker, manager of a large medical supply house that operates 50 weeks per year and six
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Cynthia Baker, manager of a large medical supply house that operates 50 weeks per year and six days per week, has decided to implement a fixed period inventory system for all class A items. One such item has the following characteristics:
If Cynthia wishes to minimize total cost (thereby approximating the EOQ), what should the review period (i.e., the number of workdays between orders) be?
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Related Book For
Operations And Supply Chain Management
ISBN: 9780357131695
2nd Edition
Authors: David A. Collier, James R. Evans
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