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Monthly demand forecast, d 134,507 units Std. error of forecast., sd 11,779 units Replenishment lead-time, LT 2 weeks Item value, C $0.41/unit Cost for processing

Monthly demand forecast, d 134,507 units

Std. error of forecast., sd 11,779 units

Replenishment lead-time, LT 2 weeks

Item value, C $0.41/unit

Cost for processing vendor order,

S $20/order Carrying cost, I 23%/year

Stock out cost, k $0.21/unit

Back ordering is allowed

Find optimal Q, ROP and P

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