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Your firm uses a continuous review system and operates 5 2 weeks per year. One of the SKUs has the following characteristics. followsDemand ( D
Your firm uses a continuous review system and operates weeks per year. One of the SKUs has the following characteristics.
followsDemand D comma unitsyear
followsOrdering costS$order
followsHolding costH$unityear
followsLead timeLweeks
followsCycleservice level
followsDemand is normally distributed, with a standard deviation of weekly demand of units.
followsCurrent onhand inventory is comma units with no scheduled receipts and no backorders.
The item's economic order quantity is
enter your response here units. Enter your response rounded to the nearest whole number.
The average time between orders is
enter your response here weeks. Enter your response rounded to two decimal places.
To provide a percent cycleservice level, the safety stock for this item is
enter your response here units. Enter your response rounded to the nearest whole number.
To provide a percent cycleservice level, the reorder point for this item is
enter your response here units. Enter your response rounded to the nearest whole number.
For these policies, the annual cost of holding the cycle inventory is $
enter your response here enter your response rounded to two decimal places and annual cost of placing orders is $
enter your response here enter your response rounded to two decimal places
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