Suppose that your firm uses a periodic review system but otherwise the data are the same as
Question:
Suppose that your firm uses a periodic review system but otherwise the data are the same as in Problem 17.
a. Calculate the P that gives approximately the same number of orders per year as the EOQ. Round your answer to the nearest week
b. Find the safety stock and the target inventory level that provide a 95 percent cycle-service level.
c. How much larger is the safety stock than with a Q system?
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1 Periodic review system a From Problem 17 Number of orders per year DQ 20000894 224 orders p...View the full answer
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Related Book For
Operations management processes and supply chain
ISBN: 978-0136065760
9th edition
Authors: Lee J Krajewski, Larry P Ritzman, Manoj K Malhotra
Question Posted:
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