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A golf specialty wholesaler operates 5 0 ?weeks per year. Management is trying to determine an inventory policy for its ? 1 - irons, which
A golf specialty wholesaler operates ?weeks per year. Management is trying to determine an inventory policy for its irons, which have the following ?characteristics:
follows
Demand
D ?units year
Demand is normally distributed
Standard deviation of weekly demand ?units
Ordering cost $ order
Annual holding cost H $ unit
Desired cycle service level
follow Lead time L ?weeks
?If the company uses a periodic review ?system, P should be what?
?T should be how many units?
?If the company uses a continious review system, R should be how many units?
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