A supplier sells a popular auto part to car dealers. The weekly demand is approximately normal with
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A supplier sells a popular auto part to car dealers. The weekly demand is approximately normal with the historical distribution of D~N units over a week operating year. The supplier pays $ for each unit and sells each for $ In addition, they estimate that the annual holding cost is percent of the unit's cost to the supplier It costs approximately $ to place an order managerial and clerical costs Assume a fourweek lead time.What is the economic optimal order quantity, EOQ?
Related Book For
Introduction To Statistics And Data Analysis
ISBN: 9780495118732
3rd Edition
Authors: Roxy Peck, Chris Olsen, Jay L. Devore
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