Question
The following details are provided: Annual demand is 90,000 units, cost per order is $74, holding costs are 10% of the cost of the unit
The following details are provided: Annual demand is 90,000 units, cost per order is $74, holding costs are 10% of the cost of the unit and each unit costs $50. The business operates 320 days per year. The delivery lead time is 3 days. Calculate the ROP. NOTE: round only your ROP answer to 2 decimal places.
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Quantitative Methods For Business
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam
11th Edition
978-0324651812, 324651813, 978-0324651751
