A jewellery manufacturer buys semi-precious stones to make bracelets and rings. The supplier has quoted a price
Question:
a. If annual holding cost is 30 percent of unit cost, what is the optimal order quantity'?
b. If lead time is six workdays, at what inventory level should the company reorder?
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a b Quantity 1 399 400 599 600 200 days a year D 25 ...View the full answer
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Related Book For 
Operations Management
ISBN: 978-0071091428
4th Canadian edition
Authors: William J Stevenson, Mehran Hojati
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