41. A company purchases a component from another factory. Based on the past records, the EOQ for...
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41. A company purchases a component from another factory. Based on the past records, the EOQ for the component is 3,600 units, with an average usage of50 units a day. The normal lead time is 6 days and the carrying cost per unit is Rs 10 per year. The cost of being out-of-stock for this component is estimated to be Rs 50 per unit and the company places 5 orders a year.
An analysis of the past inventory records for the component has revealed the following usage pattern:
Determine the optimal safety stock and the optimal re-order level for the component.
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