Answered step by step
Verified Expert Solution
Question
1 Approved Answer
284,200 units is the twelve-monthly demand for a Hitachi Trucks; with a daily 56 units of standard deviation. $3,400 is the cost of making and
284,200 units is the twelve-monthly demand for a Hitachi Trucks; with a daily 56 units of standard deviation. $3,400 is the cost of making and shipping per order from Germany, and with a standard deviation of 9 days from ordering to receipt, the lead time is 28 days. The cost of inventory carrying per unit for twelve - monthly is $6.20 (Round to the nearest unit). To offer 98% service level or a Z-score of 2.33, what must the reorder point be
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started