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A golf specialty wholesaler operates 5 0 weeks per year. Management is trying to determine an inventory control policy for its 1 - irons, which
A golf specialty wholesaler operates weeks per year. Management is trying to determine an inventory control policy for its irons, which have the following characteristics: Mean demand unitsyear Demand is normally distributed. Standard deviation of weekly demand units Order cost $order Annual holding cost $unit Desired cycleservice level Lead time weeks The current onhand inventory is units, with no open orders and a backorder of units. Currently, the company uses a continuous review s S policy. a What is the EOQ? points b What should be the safety stock? What should the reorder point be points c An inventory withdrawal of units was just made. Is it time to reorder? points
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