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Just need the answers for the items in purple! Please include formula for each, much appreciated. ABC Auto Company distributes parts for foreign cars in
Just need the answers for the items in purple! Please include formula for each, much appreciated.
ABC Auto Company distributes parts for foreign cars in a large Michigan City. Demand for a particular size of wipers has been uniform. The lead time to obtain the wipers is 2 months, and the average use rate is 600 per month. The lead-time use is normally distributed with a standard deviation of 60 unites. Order cost is $15 dollars, and holding cost is $.10 a month per wiper. The estimated cost of a stockout is $20 f. Please fill out the following blanks. D=annual demand d working months S= H= Unit cost EOQ=(2DS/H).5 Times D/Q Days Working Day/Times Maximum Inv Minimum Inv SS Average Inv Q/2H D/QS TotalCost = LT= (lead time?) SS= SDxZscore RL=D+ SD Z Cs(Stockout Cost) dLT=DL Standard Deviation P(D)= Stockout Probability (Minority) Probability of Majority Z scoreStep by Step Solution
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