Question
Weekly Average Demand 110 Standard deviation of (weekly) demand 30 Setup cost ($) 1400 Lead time (in weeks) 2 Procurement cost ($) 200 Holding cost
| Weekly Average Demand | 110 |
| Standard deviation of (weekly) demand | 30 |
| Setup cost ($) | 1400 |
| Lead time (in weeks) | 2 |
| Procurement cost ($) | 200 |
| Holding cost /unit/week ($) | 3 |
You are given the demand and inventory related information about a grocery stores product in the table. The store is open for 46 weeks in a year. What is the reorder point if it wants to achieve a service level of 97%? (Do not round your intermediate calculations. Round your final answers to the nearest whole number.
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Fraud Auditing And Forensic Accounting
Authors: Tommie W. Singleton, Aaron J. Singleton, G. Jack Bologna, Robert J. Lindquist
3rd Edition
0471785911, 978-0471785910
