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Determine the optimal inventory policy (size of order, reorder point, and effective lead time) based on the information below: Demand, D= 30 units per

 

Determine the optimal inventory policy (size of order, reorder point, and effective lead time) based on the information below: Demand, D= 30 units per day Ordering cost, K = $50 per order Holding cost, h = $0.05 per unit per year

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2 30 per day x270 daysyr 050 180 Totalcost x005 2 Numberoforders 8100 ... blur-text-image

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