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In the photo, the demand and inventory is provided for a department store's hardware. The store is open for 47 weeks throughout the year. What
In the photo, the demand and inventory is provided for a department store's hardware. The store is open for 47 weeks throughout the year. What is the expected demand of the lead time? Round the answer to the nearest whole number.
\begin{tabular}{|cc|} \hline Weekly Average Demand & 808 \\ Standard deviation of (weekly) demand & 30 \\ Setup cost (\$) & 1200 \\ Lead time (in weeks) & 2 \\ Procurement cost (\$) & 290 \\ Holding cost /unit/week (\$) & 1 \\ \hline \end{tabular}Step by Step Solution
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