Question
You are the operations manager of a firm that uses the continuous review inventory control system. Suppose the firm operates 252 days a year and
You are the operations manager of a firm that uses the continuous review inventory control system. Suppose the firm operates 252 days a year and has the following characteristics for its primary item:
Demand = 25,000 units/year
Ordering cost = $12/order
Holding cost = $1/unit/year
Lead time = 4 days
Standard deviation in daily demand = 6 units
What is the expected time between orders (T) per year (to the nearest whole number)?
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Wildlife Ecology Conservation And Management
Authors: John M. Fryxell, Anthony R. E. Sinclair, Graeme Caughley
3rd Edition
1118291077, 978-1118291078
