Question
A company has the demand of 1700 units per year, holding costs of $14 per unit and setup costs (ordering cost) of $24 per order.
A company has the demand of 1700 units per year, holding costs of $14 per unit and setup costs (ordering cost) of $24 per order. The demand rate is constant. The order lead time is 2 days, and the company operates 255 days every year. Suppose that they have just received an order, in how many working days will they need to place an order again?
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Introduction To Materials Management
Authors: Arnold J. R. Tony, Gatewood Ann K., M. Clive Lloyd N. Chapman Stephen
8th edition
9386873249, 134156323, 978-9386873248
