Question
A company has the demand of 2800 units per year, holding costs of $10 per unit and setup costs (ordering cost) of $30 per order.
A company has the demand of 2800 units per year, holding costs of $10 per unit and setup costs (ordering cost) of $30 per order. The demand rate is constant. The order lead time is 1 days, and the company operates 235 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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Operations Management
Authors: William J Stevenson, Mehran Hojati
4th Canadian edition
978-1259270154, 1259270157, 978-0071091428
