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PARAMETER VALUE Item cost $ 1 0 . 0 0 Order cost $ 2 5 0 . 0 0 per order Annual holding cost 3
PARAMETER VALUE
Item cost $
Order cost $ per order
Annual holding cost of item cost
Annual demand units
Average weekly demand for week
Standard deviation of weekly demand units
Lead time week
Service probability
Determine the order quantity and reorder point.
Note: Use Excel\'s NORM.SINV function to find the z value. Round z value to decimal places and final answer to the nearest whole number.
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Fundamentals of Management
Authors: Robbins, DeCenzo, Coulter
7th Edition
132996855, 0-13-610982-9 , 9780132996853, 978-0-13-61098, 978-0136109822
