Question
Formulas provided by professor: EOQ=2DSHEOQ=2DSH TC=SDQ+HQ2TC=SDQ+HQ2 PurchasingCost=PD SigmaLTD=SQRT(L)*SigmaR SigmaLTD=R*SigmaL SL*=Cu/(Cu+Co) RT=I Rp=c/Tp Cycle Time = CT=1/Rp Takt Time = TT= 1/R Cycle Inventory = Q/2
Formulas provided by professor:
EOQ=2DSHEOQ=2DSH
TC=SDQ+HQ2TC=SDQ+HQ2
PurchasingCost=PD
SigmaLTD=SQRT(L)*SigmaR
SigmaLTD=R*SigmaL
SL*=Cu/(Cu+Co)
RT=I
Rp=c/Tp
Cycle Time = CT=1/Rp
Takt Time = TT= 1/R
Cycle Inventory = Q/2
Average Inventory in the Presence of Safety Stock = Cycle Inventory +Isafety
Question 6
Average lead time demand in a warehouse is 24000 units. The Standard deviation of lead time demand is 5,500 units. The warehouse orders 60,000 units whenever inventory reaches 28,000 units. What is the service level?
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