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The annual demand for a product is 1 6 , 0 0 0 units. The weekly demand is 3 0 8 units with a standard
The annual demand for a product is units. The weekly demand is units with a standard deviation of units. The cost to place an order is $ and the time from ordering to receipt is six weeks. The annual inventory carrying cost is $ per unit. a Find the reorder point necessary to provide a percent service probability. Round your answer to the nearest whole number. b Suppose the production manager is asked to reduce the safety stock of this item by percent. If she does so what will the new service probability beRound your answer to decimal places.
The annual demand for a product is units. The weekly demand is units with a standard deviation of units. The cost to place an order is $ and the time from ordering to receipt is six weeks. The annual inventory carrying cost is $ per unit. a Find the reorder point necessary to provide a percent service probability. Round your answer to the nearest whole number. b Suppose the production manager is asked to reduce the safety stock of this item by percent. If she does so what will the new service probability beRound your answer to decimal places.
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