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Weekly demand for a French Marble retailer has a mean of 2 5 units. The supplier has a lead time of 8 weeks. The cost
Weekly demand for a French Marble retailer has a mean of units. The supplier has a lead time of weeks. The cost of placing an order to the supplier each time is $ and annual holding cost for one unit is percent of the Cost of Goods. Each marble slab costs the retailer $ Assume weeks in a year.
Assume there is no variation with a steady demand Chapter
What is the approximate total annual ordering cost K x R Q if each time we place the optimal order quantity EOQ Q Assume that you round the EOQ to the nearest whole slab ie slabs
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