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Problem 10-29 (Algorithmic) Floyd Distributors, Inc., provides a variety of auto parts to small local garages. Floyd purchases parts from manufacturers according to the EOQ
Problem 10-29 (Algorithmic) Floyd Distributors, Inc., provides a variety of auto parts to small local garages. Floyd purchases parts from manufacturers according to the EOQ model and then ships the parts from a regional warehouse direct to its customers. For a particular type of muffler, Floyd's EOQ analysis recommends orders with Q* = 20 to satisfy an annual demand of 180 mufflers. Floyd's has 250 working days per year, and the lead time averages 15 days. Note: Use Appendix B to identify the areas for the standard normal distribution. a. What is the reorder point if Floyd assumes a constant demand rate? If required, round your answer up to the nearest whole number. -
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