Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Help fast ,would be appreciated. please and Thank you! An electronic parts retailer operates under a periodic review system. The company has an average demand
Help fast ,would be appreciated. please and Thank you!
An electronic parts retailer operates under a periodic review system. The company has an average demand of 420 units per week for an item it sells. The standard deviation of demand is 350 units. The lead time for the item is 5 weeks. The time between reviews is 2 weeks. Assume that the company works with a target inventory of 8,000 units and the current inventory position is 4,877 . What is the order quantity? Please round your result to the closest whole number 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