Bads, Inc., sells an average of 1,000 food processors each year. Each order for food processors placed
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Bads, Inc., sells an average of 1,000 food processors each year. Each order for food processors placed by Bads costs $50. The lead time is one month. It costs $10 to hold a food processor in inventory for one year. Annual demand for food processors is normally distributed, with a standard deviation of 69.28. For each of the following values of SLM1, determine the reorder point: 80%, 90%, 95%, 99%, 99.9%.
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Operations Research Applications And Algorithms
ISBN: 9780534380588
4th Edition
Authors: Wayne L. Winston
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