2. Demand during lead time for Louises Lobster Pots is distributed as follows: a. Use a spreadsheet...
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2. Demand during lead time for Louise’s Lobster Pots is distributed as follows:
a. Use a spreadsheet program to evaluate the expected number of units short per reorder cycle for reorder points of 20 to 26. What is the expected shortage cost per reorder cycle when the reorder point is 20 and cost per unit short is $25?
b. What happens to the expected shortage cost (when R = 20 and Cs = $25) if the demand distribution shifts as follows?
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Related Book For 
Manufacturing Planning And Control For Supply Chain Management The CPIM Reference
ISBN: 9781265138516
3rd Edition
Authors: F. Robert Jacobs, William Lee Berry, D. Clay Whybark, Thomas E. Vollmann
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