Answered step by step
Verified Expert Solution
Question
1 Approved Answer
For an inventory item, the constant demand is 1664 items/year. The lead time is 1.5 weeks. The item cost is $9/item. The unit ordering cost
For an inventory item, the constant demand is 1664 items/year.
The lead time is 1.5 weeks.
The item cost is $9/item.
The unit ordering cost is $145.80/order.
The unit carrying cost is $23.40/item/quarter.
If the order frequency is 2.6 orders/quarter, then find the approximate inventory policy for a periodic
review system.
A. ( 48 , 160 )
E. ( 2.25 weeks , 72 )
B. ( 58 , 72 )
F. ( 6.5 weeks , 72 )
C. ( 42 , 72 )
G. ( 2.25 weeks , 160 )
D. ( 58 , 160 )
H. ( 5 weeks , 160 )
I. None of the above
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started