An electronics retailer carries a particular cellular telephone with the following characteristics: Average monthly sales = 120
Question:
Average monthly sales = 120 units
Ordering cost = $25 per order
Carrying cost = 35 percent per year
Item cost = $300 per unit
Lead time = 4 days
Standard deviation of daily demand = .2 unit
Working days per year = 250
a. Determine the EOQ.
b. Calculate the reorder point for a 92 percent service level, assuming normally distributed demand.
c. Design a Q system for this item.
d. What happens to the reorder point when the lead time changes? What happens to the reorder point when the standard deviation of demand changes?
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a EOQ 26 b Reorder Point 236 NAME SECT DATE INPUT SECTION ...View the full answer
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Related Book For
Operations Management in the Supply Chain Decisions and Cases
ISBN: 978-0073525242
6th edition
Authors: Roger Schroeder, M. Johnny Rungtusanatham, Susan Goldstein
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